Globus Medical (GMED)

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	1,915,370	1,917,340	1,210,010	1,070,430	983,344	920,001	891,168	916,598	864,516	980,514	891,998	814,373	821,765	811,951	696,891	641,800	687,468	637,063	583,933	617,568
Total current liabilities	US$ in thousands	392,347	428,722	155,220	167,547	159,204	145,255	146,017	141,491	140,164	122,525	130,042	123,677	120,792	99,980	106,126	97,962	111,403	94,921	84,184	79,492
Current ratio		4.88	4.47	7.80	6.39	6.18	6.33	6.10	6.48	6.17	8.00	6.86	6.58	6.80	8.12	6.57	6.55	6.17	6.71	6.94	7.77

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $1,915,370K ÷ $392,347K
= 4.88

The current ratio measures a company's ability to cover its short-term liabilities with its short-term assets. Globus Medical Inc's current ratio has shown fluctuations over the past eight quarters.

In Q4 2023, the current ratio was 4.88, indicating that the company had $4.88 in current assets for every $1 in current liabilities. This was an improvement compared to the previous quarter, where the ratio was 4.47.

The highest current ratio in the provided data was in Q2 2023 at 7.80, suggesting a strong ability to meet short-term obligations with current assets. However, this ratio decreased in Q3 2023 to 6.39.

Over the past eight quarters, the current ratio has generally remained above 6, reflecting a well-managed liquidity position. It is important to note the fluctuations in the current ratio, which could indicate changes in the company's working capital management or short-term financial health.