Intuitive Surgical Inc (ISRG)

Current ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Total current assets	US$ in thousands	7,888,000	6,253,000	5,844,900	6,625,900	4,662,600
Total current liabilities	US$ in thousands	1,658,700	1,422,100	1,149,800	965,200	1,030,200
Current ratio		4.76	4.40	5.08	6.86	4.53

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $7,888,000K ÷ $1,658,700K
= 4.76

Intuitive Surgical Inc's current ratio has shown some fluctuations over the past five years. The current ratio measures the company's ability to cover its short-term obligations with its current assets. A higher current ratio indicates a stronger liquidity position.

In 2023, the current ratio stands at 4.76, a slight increase from the previous year. This suggests that the company has $4.76 in current assets for every $1 in current liabilities, indicating a healthy liquidity position.

Comparing this to the ratios in the preceding years, we observe a downward trend from 2020 to 2022, followed by an increase in 2023. The significant drop in 2022 to 4.40 could indicate a potential liquidity concern, but the rebound in 2023 alleviates those concerns to some extent.

In 2021, the current ratio was 5.08, significantly higher than the ratios in 2020 and 2022, indicating a stronger ability to meet short-term obligations at that point in time.

Overall, Intuitive Surgical Inc's current ratio has exhibited some variability in recent years, with the most recent ratio of 4.76 indicating a satisfactory liquidity position in the current year. Further analysis of the company's current assets and liabilities dynamics would provide a more in-depth understanding of its short-term financial health.