ICU Medical Inc (ICUI)

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	1,221,270	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	882,197	944,489	929,616	920,507
Total current liabilities	US$ in thousands	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	248,468	255,411	259,962	238,407
Current ratio		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	3.55	3.70	3.58	3.86

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $1,221,270K ÷ $481,838K
= 2.53

The current ratio of ICU Medical, Inc. has been relatively stable over the past eight quarters, ranging from 2.38 to 2.63. The company's current ratio measures its ability to cover its short-term liabilities with its current assets. A current ratio above 1 indicates that the company has more current assets than current liabilities, which is favorable.

ICU Medical's current ratio has consistently been above 2, indicating a strong ability to meet its short-term obligations. A current ratio above 2 is generally considered healthy and suggests that the company is in a good position to pay off its short-term debts.

Overall, ICU Medical's current ratio data indicates that the company has maintained a solid liquidity position over the past two years, giving confidence in its short-term financial health.