CONMED Corporation (CNMD)

Current 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
Total current assets	US$ in thousands	640,007	640,999	623,833	635,724	615,649	625,649	615,522	610,088	581,226	574,243	577,188	488,300	460,123	443,405	443,180	424,369	416,654	404,228	378,713	393,167
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
Current ratio		2.30	2.27	2.34	2.18	1.98	1.66	1.74	1.90	1.96	2.75	2.87	2.60	2.34	2.42	2.23	2.33	2.19	2.26	2.51	2.46

December 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $640,007K ÷ $278,130K
= 2.30

CONMED Corporation's current ratio has shown fluctuations over the past few years, ranging from a low of 1.66 to a high of 2.87. The current ratio measures the company's ability to meet its short-term obligations with its current assets.

From March 31, 2020, to June 30, 2022, the current ratio generally improved, indicating that CONMED had a stronger ability to cover its short-term liabilities with current assets during this period. However, there was a noticeable decrease in the current ratio from December 31, 2022, to June 30, 2023, dropping to 1.74. This decline may suggest potential challenges in meeting short-term obligations during that period.

Subsequently, the current ratio recovered slightly by December 31, 2023, and improved further by June 30, 2024, reaching 2.34. Overall, while the current ratio has fluctuated, it has generally remained above 1, indicating that CONMED has had sufficient current assets to cover its short-term liabilities throughout the period under review. However, management should continue to monitor the current ratio to ensure the company's liquidity position remains strong.