Enovis Corp (ENOV)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,146,450 | 1,203,060 | 1,172,750 | 1,150,720 | 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 |
| Total current liabilities | US$ in thousands | 528,998 | 530,222 | 518,005 | 549,132 | 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 |
| Current ratio | 2.17 | 2.27 | 2.26 | 2.10 | 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 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,146,450K ÷ $528,998K
= 2.17
Enovis Corp's current ratio has shown fluctuations over the past few years, ranging from a low of 1.18 to a high of 2.51. The current ratio measures the company's ability to meet its short-term obligations with its current assets. A current ratio above 1 indicates that the company has more current assets than current liabilities, which is generally considered a positive sign of financial health.
Enovis Corp's current ratio peaked at 2.51 on June 30, 2023, indicating a strong ability to cover its short-term obligations at that point in time. However, the current ratio decreased slightly in the following periods but remained above 2, suggesting a continued healthy liquidity position.
Although there were fluctuations in the current ratio over the years, Enovis Corp generally maintained a current ratio above 1, which indicates a strong ability to cover short-term obligations with current assets. This consistent performance in maintaining a healthy current ratio reflects positively on the company's liquidity and financial stability.
Peer comparison
Dec 31, 2024