ICU Medical Inc (ICUI)

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	1,441,980	1,258,060	1,235,990	1,187,730	1,219,600	1,219,410	1,244,740	1,213,020	1,235,200	1,199,360	1,189,840	1,174,000	1,029,810	1,011,240	973,354	928,182	920,777	900,139	1,036,700	1,002,180
Total current liabilities	US$ in thousands	556,182	549,557	511,907	455,360	481,838	464,043	483,880	462,177	494,559	489,034	485,985	494,115	200,777	185,077	183,664	179,862	195,488	185,359	359,151	357,301
Current ratio		2.59	2.29	2.41	2.61	2.53	2.63	2.57	2.62	2.50	2.45	2.45	2.38	5.13	5.46	5.30	5.16	4.71	4.86	2.89	2.80

December 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $1,441,980K ÷ $556,182K
= 2.59

ICU Medical Inc's current ratio has shown a fluctuating trend over the period from March 31, 2020, to December 31, 2024. The current ratio measures the company's ability to cover its short-term liabilities with its current assets.

The company's current ratio started at a relatively stable level of 2.80 on March 31, 2020, and increased steadily to reach a peak of 5.46 on September 30, 2021. This indicates ICU Medical Inc had more than enough current assets to cover its short-term obligations during this period.

However, the current ratio began to decline from December 31, 2021, to reach 2.29 on September 30, 2024. This decline suggests that the company's ability to meet its short-term liabilities with its current assets weakened during this period.

While a current ratio above 1 implies that the company has more current assets than current liabilities, a significant decrease in the current ratio could indicate potential liquidity concerns or inefficiencies in managing short-term obligations. ICU Medical Inc may need to focus on managing its current assets and liabilities effectively to ensure it has sufficient liquidity to meet its short-term obligations in the future.