Intuitive Surgical Inc (ISRG)

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	7,888,000	8,902,900	8,031,800	6,877,000	6,253,000	6,293,100	6,292,500	5,803,200	5,844,900	5,728,000	6,016,600	6,066,400	6,625,900	6,300,300	5,899,000	4,691,500	4,662,600	4,317,000	4,071,600	4,025,000
Total current liabilities	US$ in thousands	1,658,700	1,676,400	1,538,400	1,307,400	1,422,100	1,233,400	1,175,000	1,112,200	1,149,800	1,027,300	1,004,600	904,600	965,200	894,700	924,800	945,900	1,030,200	930,900	807,500	740,200
Current ratio		4.76	5.31	5.22	5.26	4.40	5.10	5.36	5.22	5.08	5.58	5.99	6.71	6.86	7.04	6.38	4.96	4.53	4.64	5.04	5.44

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 been consistently strong over the past eight quarters, indicating a healthy liquidity position. The current ratio has ranged from 4.40 to 5.36 during this period, with an average of approximately 5.06. This suggests that the company has more than enough current assets to cover its current liabilities, providing a cushion to meet short-term obligations. The increasing trend in the current ratio from Q4 2022 to Q3 2023 reflects a strengthening liquidity position. Overall, the company's current ratio indicates strong financial health and ability to efficiently manage its short-term liabilities.