CONMED Corporation (CNMD)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 615,649 | 581,226 | 460,123 | 416,654 | 397,363 |
| Total current liabilities | US$ in thousands | 310,729 | 296,552 | 196,646 | 190,201 | 188,087 |
| Current ratio | 1.98 | 1.96 | 2.34 | 2.19 | 2.11 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $615,649K ÷ $310,729K
= 1.98
The current ratio of Conmed Corp. has fluctuated over the past five years. The company's current ratio was 2.11 in 2019 and increased to 2.19 in 2020 before experiencing a decline to 2.34 in 2021. Subsequently, the current ratio decreased to 1.96 in 2022 and then increased again to 1.98 in 2023. Overall, the current ratio indicates Conmed Corp.'s ability to meet its short-term obligations with its current assets, with the ratio hovering around 2 in recent years. While the current ratio is above 1, suggesting the company has more current assets than current liabilities, the fluctuations may indicate variations in the company's liquidity position over the years.
Peer comparison
Dec 31, 2023