Glaukos Corp (GKOS)

Cash 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 and cash equivalents	US$ in thousands	169,626	100,143	68,075	42,495	93,467	108,929	94,812	76,398	119,525	104,018	102,553	106,202	100,708	113,131	118,296	96,625	96,596	80,994	266,974	53,614
Short-term investments	US$ in thousands	149,289	162,330	193,589	230,365	201,964	191,928	208,995	241,371	233,170	257,600	288,637	309,211	322,792	315,834	300,265	310,755	317,304	307,441	127,966	110,096
Total current liabilities	US$ in thousands	75,125	71,684	70,083	72,238	74,014	67,147	63,886	62,392	72,359	60,615	69,508	55,596	63,360	63,450	349,477	335,564	49,702	46,693	54,831	51,077
Cash ratio		4.25	3.66	3.73	3.78	3.99	4.48	4.76	5.09	4.87	5.97	5.63	7.47	6.68	6.76	1.20	1.21	8.33	8.32	7.20	3.21

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 fluctuations over the period from March 31, 2020, to December 31, 2024. The cash ratio measures the company's ability to cover its short-term liabilities with its cash and cash equivalents. A higher cash ratio indicates that the company has a greater proportion of cash to cover its current liabilities, which is considered favorable.

The cash ratio for Glaukos Corp ranged from a low of 1.20 on June 30, 2021, to a high of 8.33 on December 31, 2020. This indicates that in some periods, the company may have had a lower proportion of cash relative to its current liabilities, which could potentially raise concerns about its short-term liquidity position. However, the cash ratio improved in subsequent periods, reaching levels above 5 in most quarters, suggesting an enhanced ability to meet short-term obligations from cash reserves.

Overall, the trend of the cash ratio for Glaukos Corp demonstrates fluctuations but generally indicates that the company has maintained a reasonable level of cash to cover its short-term liabilities, with some room for improvement in certain periods. It is essential for investors and stakeholders to monitor the cash ratio over time to assess the company's liquidity position and ability to meet its short-term financial obligations.