CONMED Corporation (CNMD)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 640,007 | 615,649 | 581,226 | 460,123 | 416,654 |
| Total current liabilities | US$ in thousands | 278,130 | 310,729 | 296,552 | 196,646 | 190,201 |
| Current ratio | 2.30 | 1.98 | 1.96 | 2.34 | 2.19 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $640,007K ÷ $278,130K
= 2.30
The current ratio of CONMED Corporation has exhibited some fluctuations over the five-year period from December 31, 2020, to December 31, 2024. The ratio, which represents the company's ability to cover its short-term obligations with its current assets, increased from 2.19 in 2020 to 2.34 in 2021, indicating an improved liquidity position. However, there was a slight decline in the current ratio to 1.96 in 2022, which suggests a potential challenge in meeting short-term obligations with current assets.
In the following years, the current ratio slightly recovered to 1.98 in 2023 and then increased to 2.30 in 2024. These improvements indicate a strengthening of CONMED Corporation's liquidity position, reflecting a healthier ability to cover its short-term liabilities with current assets. Overall, the current ratio trend indicates fluctuations but with a general trend towards improved liquidity management over the five-year period.
Peer comparison
Dec 31, 2024