Enovis Corp (ENOV)
Current ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 896,519 | 854,187 | 887,239 | 833,110 | 795,023 | 1,008,210 | 1,078,040 | 2,347,740 | 2,303,280 | 1,725,690 | 1,478,970 | 2,077,960 | 1,361,830 | 1,287,510 | 1,228,400 | 1,581,610 | 1,404,240 | 3,499,130 | 3,636,590 | 2,408,660 |
| Total current liabilities | US$ in thousands | 369,607 | 355,284 | 353,673 | 349,497 | 565,199 | 853,916 | 812,801 | 1,450,020 | 1,023,580 | 975,471 | 899,419 | 1,558,410 | 811,658 | 784,533 | 758,731 | 819,099 | 857,314 | 1,505,680 | 1,598,560 | 1,571,630 |
| Current ratio | 2.43 | 2.40 | 2.51 | 2.38 | 1.41 | 1.18 | 1.33 | 1.62 | 2.25 | 1.77 | 1.64 | 1.33 | 1.68 | 1.64 | 1.62 | 1.93 | 1.64 | 2.32 | 2.27 | 1.53 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $896,519K ÷ $369,607K
= 2.43
The current ratio of Enovis Corp has shown a stable and improving trend over the past year, increasing from 1.41 in Q4 2022 to 2.43 in Q4 2023. This indicates that the company's short-term liquidity position has strengthened significantly. Enovis Corp's current assets are now more than double its current liabilities, demonstrating its ability to meet its short-term obligations comfortably. Additionally, the current ratio has consistently remained above 2 in the recent quarters, suggesting that the company has a strong ability to cover its short-term liabilities with its current assets. Overall, the upward trend in the current ratio signals improved financial health and liquidity for Enovis Corp.
Peer comparison
Dec 31, 2023