Enovis Corp (ENOV)
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 | 48,167 | 35,425 | 35,004 | 66,267 | 36,191 | 32,129 | 32,491 | 21,900 | 24,295 | 54,957 | 95,605 | 661,504 | 719,370 | 177,482 | 62,309 | 763,653 | 97,068 | 66,423 | 66,396 | 365,604 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | 200,274 | 263,070 | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Quick ratio | 0.09 | 0.07 | 0.07 | 0.12 | 0.10 | 0.09 | 0.09 | 0.06 | 0.04 | 0.30 | 0.44 | 0.46 | 0.70 | 0.18 | 0.07 | 0.49 | 0.12 | 0.08 | 0.09 | 0.45 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($48,167K
+ $—K
+ $—K)
÷ $528,998K
= 0.09
The quick ratio of Enovis Corp has fluctuated over the years based on the provided data. The quick ratio is a liquidity ratio that measures the company's ability to meet its short-term obligations using its most liquid assets. A quick ratio below 1 indicates potential liquidity issues.
Enovis Corp's quick ratio was relatively low in the second quarter of 2020 at 0.09 and continued to decrease to 0.08 in the third quarter of 2020. This suggests that the company may have had difficulty meeting its short-term obligations during this period.
However, there was a significant improvement in the company's liquidity position in subsequent quarters. The quick ratio increased to 0.70 by the end of December 2021, indicating a stronger ability to cover short-term liabilities with liquid assets. This improvement continued into 2022 with a quick ratio of 0.46 in March 2022 and 0.44 in June 2022.
There was a slight decline in the quick ratio in the last quarter of 2022, dropping to 0.04. However, the ratio recovered in the following quarters with ratios ranging from 0.06 to 0.12 by the first quarter of 2024.
Overall, the trend in the quick ratio of Enovis Corp shows variability over time, with some periods of low liquidity followed by improvements. It is essential for the company to maintain a healthy quick ratio above 1 to ensure it can meet its short-term obligations effectively.
Peer comparison
Dec 31, 2024