Integer Holdings Corp (ITGR)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 617,668 | 558,298 | 452,982 | 412,937 | 415,395 |
| Total current liabilities | US$ in thousands | 220,969 | 223,752 | 159,629 | 156,191 | 179,078 |
| Current ratio | 2.80 | 2.50 | 2.84 | 2.64 | 2.32 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $617,668K ÷ $220,969K
= 2.80
The current ratio of Integer Holdings Corp has shown a generally improving trend over the past five years, indicating the company's ability to meet its short-term obligations with its current assets. As of December 31, 2023, the current ratio stands at 2.80, which means the company has $2.80 in current assets for every $1 in current liabilities.
Comparing this to previous years, we observe that the current ratio has been steadily increasing from 2.32 in 2019 to 2.80 in 2023. This upward trend suggests that Integer Holdings Corp has become more efficient in managing its liquidity and working capital over the years.
A current ratio above 1 indicates that the company has more current assets than current liabilities, which is a positive sign for investors and creditors. A ratio above 2 is generally considered healthy, as it shows that the company is well-positioned to cover its short-term debts.
Overall, the current ratio of Integer Holdings Corp reflects a strong liquidity position and a ability to meet its short-term financial obligations, providing a favorable indication of the company's financial health.
Peer comparison
Dec 31, 2023