Glaukos Corp (GKOS)

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 449,792 397,282 383,781 388,610 395,461 399,529 401,260 415,880 443,859 448,841 471,097 491,203 486,126 501,808 490,535 474,299 469,442 454,445 453,222 231,386
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
Current ratio 5.99 5.54 5.48 5.38 5.34 5.95 6.28 6.67 6.13 7.40 6.78 8.84 7.67 7.91 1.40 1.41 9.45 9.73 8.27 4.53

December 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $449,792K ÷ $75,125K
= 5.99

The current ratio of Glaukos Corp has shown fluctuating trends over the past five years from 2020 to 2024. The ratio was relatively high in the first half of this period, peaking at 9.73 in September 2020, indicating a strong ability to cover short-term obligations with current assets. However, the ratio decreased significantly in the subsequent quarters, reaching a low of 1.40 in June 2021 and March 2021.

There was a notable recovery in the later part of 2021 and into 2022, with the current ratio climbing back above 7.00. This indicates an improvement in the company's liquidity position and ability to meet short-term obligations comfortably. However, in the following quarters up to December 2024, the current ratio hovered around 5.00, showing a slight decline in liquidity.

Overall, Glaukos Corp maintained a current ratio above 1.00 throughout the period, suggesting that the company had sufficient current assets to cover its short-term liabilities. The fluctuations seen in the ratio over the years may indicate varying levels of working capital management and liquidity challenges that the company experienced during this time frame.