Glaukos Corp (GKOS)

Current ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Total current assets	US$ in thousands	395,461	443,859	486,126	469,442	262,878
Total current liabilities	US$ in thousands	74,014	72,359	63,360	49,702	57,700
Current ratio		5.34	6.13	7.67	9.45	4.56

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $395,461K ÷ $74,014K
= 5.34

The current ratio of Glaukos Corporation has been fluctuating over the past five years, ranging from a low of 4.56 in 2019 to a high of 9.45 in 2020. The current ratio measures the company's ability to cover its short-term liabilities with its current assets. A higher current ratio indicates that the company has more current assets relative to its current liabilities, suggesting a stronger liquidity position.

In the most recent year, as of December 31, 2023, the current ratio stands at 5.34, demonstrating that for every dollar of current liabilities, the company has $5.34 of current assets available to cover those obligations. While the current ratio has decreased compared to the prior year, it remains at a healthy level, indicating that Glaukos Corporation is well-positioned to meet its short-term financial obligations.

Overall, the trend of the current ratio for Glaukos Corporation shows variability but generally reflects a solid liquidity position over the years, providing a cushion against potential financial risks associated with short-term obligations.