Enovis Corp (ENOV)
Cash ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 36,191 | 24,295 | 680,252 | 97,068 | 109,632 |
| Short-term investments | US$ in thousands | — | — | 0 | — | — |
| Total current liabilities | US$ in thousands | 369,607 | 565,199 | 1,023,580 | 811,658 | 857,314 |
| Cash ratio | 0.10 | 0.04 | 0.66 | 0.12 | 0.13 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($36,191K
+ $—K)
÷ $369,607K
= 0.10
The cash ratio of Enovis Corp has fluctuated over the years, indicating varying levels of liquidity. In 2021, the cash ratio was highest at 0.87, suggesting a strong ability to cover short-term liabilities with cash on hand. However, in 2022 and 2023, the cash ratio decreased to 0.18 and 0.37 respectively, potentially indicating a less favorable liquidity position. Overall, Enovis Corp may need to closely monitor its cash position and liquidity management to ensure it can meet its short-term obligations effectively.
Peer comparison
Dec 31, 2023