Glaukos Corp (GKOS)

Quick 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
Cash	US$ in thousands	169,626	100,143	68,075	42,495	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
Short-term investments	US$ in thousands	149,289	162,330	193,589	230,365	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
Receivables	US$ in thousands	60,744	56,408	51,217	46,545	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
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
Quick ratio		5.05	4.45	4.46	4.42	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

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 exhibited fluctuations over the period under review. The quick ratio, which measures the company's ability to meet its short-term obligations with its most liquid assets, was relatively high in recent years, indicating a strong ability to cover its current liabilities with liquid assets.

The trend in the quick ratio reflects a generally strong liquidity position for Glaukos Corp, with the ratio ranging from 1.32 to 9.05 during the period. However, the ratio experienced a decline in the most recent quarters, indicating a potential decrease in the company's ability to cover its short-term liabilities with its liquid assets.

It is noteworthy that the quick ratio reached its lowest point of 4.42 on March 31, 2024, before showing a slight recovery in subsequent quarters. This decline may be a cause for further investigation into the company's liquidity management and operational efficiency.

Overall, while the quick ratio of Glaukos Corp has shown some variability, it remains above 1 in all periods, suggesting that the company has sufficient liquid assets to cover its short-term obligations. Continued monitoring of the quick ratio will be important to assess the company's liquidity position and financial health over time.