Glaukos Corp (GKOS)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | 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 |
| Receivables | US$ in thousands | 60,744 | 39,850 | 36,073 | 33,438 | 36,059 |
| Total current liabilities | US$ in thousands | 75,125 | 74,014 | 72,359 | 63,360 | 49,702 |
| Quick ratio | 5.05 | 4.53 | 5.37 | 7.21 | 9.05 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($169,626K
+ $149,289K
+ $60,744K)
÷ $75,125K
= 5.05
The quick ratio of Glaukos Corp has shown a declining trend over the past five years, decreasing from 9.05 in December 2020 to 5.05 in December 2024. This indicates that the company's ability to meet its short-term obligations with its most liquid assets has weakened over the period. Despite the decrease, the quick ratio remains above the generally accepted benchmark of 1, indicating that Glaukos Corp still has a strong ability to cover its short-term liabilities with its quick assets. However, management may want to monitor this trend closely to ensure the company maintains a healthy liquidity position in the future.
Peer comparison
Dec 31, 2024