Intuitive Surgical Inc (ISRG)

Quick 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
Cash	US$ in thousands	2,027,400	2,413,300	3,036,700	2,839,500	2,750,100	3,602,000	3,435,400	2,143,000	1,581,200	1,538,000	1,536,100	1,103,100	1,290,900	1,346,700	1,615,500	1,401,800	1,622,600	1,370,600	2,035,600	1,223,800
Short-term investments	US$ in thousands	1,985,900	1,818,400	1,720,500	1,960,600	2,473,100	2,873,700	2,363,800	2,549,200	2,541,000	2,781,000	2,909,900	2,892,200	2,940,000	2,785,300	2,823,700	3,155,700	3,548,900	3,413,500	2,452,700	2,029,600
Receivables	US$ in thousands	1,225,400	1,153,000	1,109,100	1,127,900	1,130,200	962,700	904,200	925,300	942,100	849,600	838,500	906,100	782,700	695,000	699,900	654,300	645,500	588,600	508,800	527,600
Total current liabilities	US$ in thousands	1,745,300	1,676,800	1,487,500	1,375,100	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
Quick ratio		3.00	3.21	3.94	4.31	3.83	4.44	4.36	4.30	3.56	4.19	4.50	4.41	4.36	4.70	5.12	5.76	6.03	6.01	5.40	4.00

December 31, 2024 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($2,027,400K + $1,985,900K + $1,225,400K) ÷ $1,745,300K
= 3.00

The quick ratio of Intuitive Surgical Inc has shown some fluctuations over the reported periods. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets. A quick ratio of greater than 1 indicates that the company has enough liquid assets to cover its current liabilities.

From March 31, 2020, to June 30, 2022, the quick ratio consistently increased from 4.00 to a peak of 5.12. This indicates a strengthening ability to cover short-term obligations with liquid assets during this period.

However, from September 30, 2022, the quick ratio began to decrease, reaching 3.00 by December 31, 2024. This decline suggests a potential decrease in the company's ability to meet short-term obligations with its readily available assets during this later period.

Overall, while the quick ratio of Intuitive Surgical Inc fluctuated over the periods reported, the company generally demonstrated a strong ability to cover its short-term liabilities with liquid assets, with some recent decline in this capability towards the end of the data series.