Boston Scientific Corp (BSX)
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 | 6,514,000 | 6,504,000 | 5,886,000 | 5,704,000 | 5,760,000 | 5,144,000 | 5,083,000 | 5,065,000 | 6,317,000 | 6,229,000 | 6,758,000 | 6,101,000 | 6,694,000 | 6,160,000 | 5,803,000 | 4,823,000 | 4,699,000 | 4,847,000 | 6,334,000 | 6,234,000 |
| Total current liabilities | US$ in thousands | 4,933,000 | 4,579,000 | 4,562,000 | 4,083,000 | 3,803,000 | 3,549,000 | 3,883,000 | 4,275,000 | 4,274,000 | 4,022,000 | 4,073,000 | 3,393,000 | 3,681,000 | 3,302,000 | 3,108,000 | 3,976,000 | 4,866,000 | 4,254,000 | 4,850,000 | 4,479,000 |
| Current ratio | 1.32 | 1.42 | 1.29 | 1.40 | 1.51 | 1.45 | 1.31 | 1.18 | 1.48 | 1.55 | 1.66 | 1.80 | 1.82 | 1.87 | 1.87 | 1.21 | 0.97 | 1.14 | 1.31 | 1.39 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $6,514,000K ÷ $4,933,000K
= 1.32
The current ratio of Boston Scientific Corp. has fluctuated over the past eight quarters, ranging from 1.18 to 1.51. The current ratio measures the company's ability to cover its short-term liabilities with its current assets. A ratio above 1 indicates that the company has more current assets than current liabilities.
The current ratio was highest in Q4 2022 at 1.51, suggesting that the company had a relatively stronger ability to meet its short-term obligations at that time. However, the ratio decreased in subsequent quarters, reaching its lowest point in Q1 2022 at 1.18. This could indicate a potential strain on the company's liquidity position during that quarter.
Overall, the current ratio has shown some volatility, with fluctuations above and below the ideal ratio of 2.0. It would be important to further delve into the components of current assets and current liabilities to better understand the factors driving these fluctuations and assess the company's liquidity position more comprehensively.
Peer comparison
Dec 31, 2023