CONMED Corporation (CNMD)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 24,459 | 38,467 | 28,869 | 33,855 | 24,296 | 30,502 | 27,848 | 26,494 | 28,942 | 33,354 | 53,152 | 24,864 | 20,847 | 31,511 | 46,388 | 36,769 | 27,356 | 35,598 | 34,983 | 24,309 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Quick ratio | 0.09 | 0.14 | 0.11 | 0.12 | 0.08 | 0.08 | 0.08 | 0.08 | 0.10 | 0.16 | 0.26 | 0.13 | 0.11 | 0.17 | 0.23 | 0.20 | 0.14 | 0.20 | 0.23 | 0.15 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($24,459K
+ $—K
+ $—K)
÷ $278,130K
= 0.09
The quick ratio of CONMED Corporation has fluctuated over the past few years, ranging from 0.08 to 0.26. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets. A quick ratio below 1 indicates that the company may have difficulty meeting its short-term liabilities.
In the most recent quarter, the quick ratio was 0.09, which suggests that CONMED may struggle to cover its immediate obligations using its quick assets alone. It is important for stakeholders to monitor this ratio over time to ensure the company's financial health and liquidity position.
Overall, the trend in CONMED's quick ratio indicates some variability in its liquidity position, emphasizing the importance of closely monitoring changes in the ratio to assess the company's ability to meet its short-term financial obligations.
Peer comparison
Dec 31, 2024