Integra LifeSciences Holdings (IART)

Current 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
Total current assets	US$ in thousands	1,081,680	1,099,520	1,112,290	1,415,650	1,058,040	1,027,230	1,051,260	1,029,480	1,161,500	1,196,450	1,137,410	1,066,050	1,153,720	1,103,780	1,032,380	1,039,080	1,237,200	1,152,100	966,222	1,008,670
Total current liabilities	US$ in thousands	922,126	912,563	328,316	302,394	306,980	355,712	377,496	282,293	320,906	304,452	295,596	315,833	340,021	332,858	318,756	412,301	401,013	255,146	212,415	246,485
Current ratio		1.17	1.20	3.39	4.68	3.45	2.89	2.78	3.65	3.62	3.93	3.85	3.38	3.39	3.32	3.24	2.52	3.09	4.52	4.55	4.09

December 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $1,081,680K ÷ $922,126K
= 1.17

Integra LifeSciences Holdings has shown fluctuating current ratios over the past few years. The current ratio measures a company's ability to cover its short-term obligations with its current assets.

The company's current ratio has generally been above 3, which indicates a healthy level of liquidity. A current ratio of 3 means that Integra LifeSciences Holdings has $3 in current assets for every $1 in current liabilities.

Over the last few quarters, the current ratio has ranged from a high of 4.68 to a low of 1.17. The highest current ratio of 4.68 on March 31, 2024, suggests that the company had ample current assets to cover its short-term liabilities at that time.

However, the downward trend in the current ratio since then, dropping to 1.17 on December 31, 2024, raises some concerns about the company's liquidity position. A current ratio below 1 would indicate that the company may have difficulty meeting its short-term obligations.

It would be important for stakeholders to monitor Integra LifeSciences Holdings' current ratio closely in future periods to ensure the company maintains an appropriate level of liquidity to meet its short-term financial obligations.