Integer Holdings Corp (ITGR)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 671,119 | 617,668 | 558,298 | 452,982 | 412,937 |
| Total current liabilities | US$ in thousands | 227,173 | 220,969 | 223,752 | 159,629 | 156,191 |
| Current ratio | 2.95 | 2.80 | 2.50 | 2.84 | 2.64 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $671,119K ÷ $227,173K
= 2.95
The current ratio of Integer Holdings Corp has shown a generally positive trend over the past five years, starting at 2.64 in December 31, 2020, and increasing to 2.95 by December 31, 2024. This signifies that the company has consistently maintained a healthy level of current assets relative to its current liabilities throughout this period. A current ratio above 2 indicates that the company has more than enough current assets to cover its short-term obligations, highlighting its strong liquidity position. However, fluctuations in the current ratio over the years, such as the decrease to 2.50 in December 31, 2022, should be monitored closely to ensure that the company can effectively manage its short-term obligations in the future. Overall, Integer Holdings Corp has demonstrated financial stability and a sound ability to meet its current liabilities as they come due.
Peer comparison
Dec 31, 2024