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 | ||
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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.
Peer comparison
Dec 31, 2023