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
Total current liabilities US$ in thousands 278,130 310,729 296,552 196,646 190,201
Quick ratio 0.09 0.08 0.10 0.11 0.14

December 31, 2024 calculation

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

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.