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.


Peer comparison

Dec 31, 2023