Glaukos Corp (GKOS)

Current ratio

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Total current assets	US$ in thousands	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	262,878	209,288	201,201	183,737
Total current liabilities	US$ in thousands	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	57,700	33,103	31,001	27,347
Current ratio		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	4.56	6.32	6.49	6.72

December 31, 2023 calculation

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

Glaukos Corporation's current ratio has displayed a consistent trend of significant fluctuation over the past eight quarters. The current ratio has ranged from a low of 5.34 in Q4 2023 to a high of 8.84 in Q1 2022. Generally, a current ratio above 2 is considered healthy, indicating that the company has more current assets to cover its current liabilities.

The current ratio provides insights into the company's short-term liquidity and ability to meet its short-term obligations. Glaukos Corporation's current ratio has been consistently above 5 in the recent quarters, indicating a strong ability to pay off its short-term liabilities using its current assets.

While the current ratio has shown fluctuations, it is important to assess the trend over time to determine the company's liquidity position more accurately. The current trend suggests that Glaukos Corporation has maintained a healthy liquidity position. However, it is essential to conduct further analysis to understand the underlying reasons for the fluctuations in the current ratio and evaluate the company's overall financial health.