Glaukos Corp (GKOS)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 169,626 | 93,467 | 119,525 | 100,708 | 96,596 |
| Short-term investments | US$ in thousands | 149,289 | 201,964 | 233,170 | 322,792 | 317,304 |
| Total current liabilities | US$ in thousands | 75,125 | 74,014 | 72,359 | 63,360 | 49,702 |
| Cash ratio | 4.25 | 3.99 | 4.87 | 6.68 | 8.33 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($169,626K
+ $149,289K)
÷ $75,125K
= 4.25
The cash ratio of Glaukos Corp has shown a decreasing trend over the past five years. Starting at 8.33 on December 31, 2020, the ratio has declined to 6.68 by December 31, 2021, further dropping to 4.87 by December 31, 2022. Subsequently, the ratio decreased to 3.99 by December 31, 2023, before slightly increasing to 4.25 by December 31, 2024. This indicates a declining ability of the company to cover its short-term obligations solely with cash and cash equivalents. The downward trend in the cash ratio may suggest a need for Glaukos Corp to improve its liquidity management to ensure it has sufficient liquid assets to meet its short-term financial commitments.
Peer comparison
Dec 31, 2024