CONMED Corporation (CNMD)

Cash ratio

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Cash and cash equivalents	US$ in thousands	24,459	38,467	28,869	33,855	24,296	30,502	27,848	26,494	28,942	33,354	53,152	24,864	20,847	31,511	46,388	36,769	27,356	35,598	34,983	24,309
Short-term investments	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total current liabilities	US$ in thousands	278,130	282,311	266,412	291,404	310,729	376,319	353,169	320,686	296,552	208,579	201,093	187,597	196,646	183,192	198,458	182,155	190,201	179,039	150,612	160,004
Cash ratio		0.09	0.14	0.11	0.12	0.08	0.08	0.08	0.08	0.10	0.16	0.26	0.13	0.11	0.17	0.23	0.20	0.14	0.20	0.23	0.15

December 31, 2024 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($24,459K + $—K) ÷ $278,130K
= 0.09

The cash ratio of CONMED Corporation has fluctuated over the past several years, as evidenced by the data provided. The cash ratio measures the company's ability to cover its short-term liabilities with its available cash and cash equivalents. A higher cash ratio indicates a stronger ability to cover short-term obligations.

Analyzing the trend of the cash ratio values, we observe that it ranged between 0.08 and 0.26 during the period from March 2020 to December 2024. Notably, there were instances of both increases and decreases in the cash ratio over this timeframe.

For example, the cash ratio reached a peak of 0.26 in June 2022, indicating a substantial increase in the company's ability to cover short-term liabilities with cash. On the other hand, the cash ratio decreased to its lowest point of 0.08 in March 2023, which suggests a reduced ability to cover short-term obligations with available cash during that period.

Overall, the fluctuation in CONMED Corporation's cash ratio values implies varying levels of liquidity and ability to meet short-term financial obligations over the years covered by the data. It would be essential for stakeholders to closely monitor changes in the cash ratio to assess the company's liquidity position and financial health.