Artivion Inc (AORT)

Current ratio

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Total current assets	US$ in thousands	280,668	267,109	263,898	240,681	247,334	237,989	240,428	244,533	247,697	257,343	238,054	235,683	234,589	233,699	287,121	214,082	187,390	181,354	188,557	178,652
Total current liabilities	US$ in thousands	57,862	54,959	56,230	43,961	49,675	45,992	41,646	42,837	44,953	61,130	58,944	58,018	60,468	53,667	48,933	43,685	45,195	42,190	37,468	36,423
Current ratio		4.85	4.86	4.69	5.47	4.98	5.17	5.77	5.71	5.51	4.21	4.04	4.06	3.88	4.35	5.87	4.90	4.15	4.30	5.03	4.90

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $280,668K ÷ $57,862K
= 4.85

Artivion Inc's current ratio has been exhibiting stability over the past eight quarters, ranging between 4.69 and 5.77. The current ratio measures the company's ability to meet its short-term financial obligations with its current assets. A current ratio above 1 indicates that the company has more current assets than current liabilities.

Artivion Inc's current ratio has consistently been well above 1, indicating a healthy financial position in terms of short-term liquidity. The ratio peaked at 5.77 in Q2 2022 and has since fluctuated within a relatively narrow range. This stability suggests that the company has been effectively managing its current assets and liabilities over time.

The current ratio of Artivion Inc has been consistently higher than industry norms, indicating that the company may have a strong ability to pay off its short-term liabilities. However, it is important to consider other factors in conjunction with the current ratio to get a complete picture of the company's financial health.