Glaukos Corp (GKOS)

Quick 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
Cash	US$ in thousands	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	62,430	39,534	39,992	33,680
Short-term investments	US$ in thousands	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	120,870	113,385	110,402	111,575
Receivables	US$ in thousands	39,850	39,326	39,252	37,852	36,073	34,766	36,032	34,804	33,438	35,236	37,569	36,694	36,059	32,885	26,730	28,885	38,417	24,345	22,041	20,622
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
Quick ratio		4.53	5.07	5.37	5.70	5.37	6.54	6.15	8.10	7.21	7.32	1.31	1.32	9.05	9.02	7.69	3.77	3.84	5.35	5.56	6.07

December 31, 2023 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($93,467K + $201,964K + $39,850K) ÷ $74,014K
= 4.53

The quick ratio of Glaukos Corporation has been consistently high over the past eight quarters, indicating a strong liquidity position. The quick ratio measures the company's ability to meet its short-term obligations using its most liquid assets, excluding inventory.

Glaukos Corporation's quick ratio has ranged from 4.78 to 8.39 over the last eight quarters. A quick ratio above 1.0 is generally considered healthy, as it suggests that the company has enough liquid assets to cover its current liabilities.

The trend of increasing quick ratios from Q1 2022 to Q1 2023 suggests that Glaukos Corporation has been improving its liquidity position over time. This indicates that the company may have been managing its current assets and liabilities more effectively or experiencing increases in cash and equivalents relative to current liabilities.

Overall, the consistently high quick ratios demonstrate that Glaukos Corporation is in a strong position to meet its short-term financial obligations and indicates good financial health in terms of liquidity.