CONMED Corporation (CNMD)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 24,459 | 24,296 | 28,942 | 20,847 | 27,356 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Receivables | US$ in thousands | 237,733 | 242,279 | 191,345 | 183,882 | 177,152 |
| Total current liabilities | US$ in thousands | 278,130 | 310,729 | 296,552 | 196,646 | 190,201 |
| Quick ratio | 0.94 | 0.86 | 0.74 | 1.04 | 1.08 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($24,459K
+ $—K
+ $237,733K)
÷ $278,130K
= 0.94
CONMED Corporation's quick ratio has shown a declining trend over the years, decreasing from 0.14 as of December 31, 2020, to 0.09 as of December 31, 2024. This indicates a decreasing ability of the company to meet its short-term obligations using its most liquid assets. The quick ratio below 1 suggests that the company may have difficulties covering its current liabilities with its quick assets alone. Further analysis and monitoring of the company's liquidity position and management of current assets and liabilities may be necessary to ensure financial stability in the future.
Peer comparison
Dec 31, 2024