Enovis Corp (ENOV)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,146,450 | 896,519 | 795,023 | 2,303,280 | 1,361,830 |
| Total current liabilities | US$ in thousands | 528,998 | 369,607 | 565,199 | 1,023,580 | 811,658 |
| Current ratio | 2.17 | 2.43 | 1.41 | 2.25 | 1.68 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,146,450K ÷ $528,998K
= 2.17
The current ratio of Enovis Corp has shown fluctuation over the past five years. As of December 31, 2020, the current ratio was 1.68, indicating that the company had $1.68 in current assets for every $1 in current liabilities.
By December 31, 2021, the current ratio improved to 2.25, suggesting a stronger liquidity position with $2.25 in current assets for every $1 in current liabilities. However, the ratio decreased to 1.41 by December 31, 2022, indicating a potential liquidity challenge as the company had $1.41 in current assets for every $1 in current liabilities.
Subsequently, the current ratio rebounded to 2.43 by December 31, 2023, signaling an improved liquidity position once again with $2.43 in current assets for every $1 in current liabilities. As of December 31, 2024, the current ratio stood at 2.17, maintaining a relatively strong liquidity position for the company.
Overall, Enovis Corp's current ratio has displayed variability, with periods of improvement and decline. It is important for the company to closely monitor its current assets and liabilities to ensure a healthy balance and adequate liquidity to meet short-term obligations.
Peer comparison
Dec 31, 2024