Integer Holdings Corp (ITGR)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 671,119 | 730,032 | 676,980 | 668,573 | 617,668 | 609,344 | 615,928 | 628,989 | 558,298 | 556,617 | 533,013 | 494,790 | 452,982 | 442,567 | 434,243 | 409,237 | 412,937 | 498,653 | 579,502 | 460,822 |
| Total current liabilities | US$ in thousands | 227,173 | 222,398 | 205,991 | 201,429 | 220,969 | 203,101 | 199,832 | 225,475 | 223,752 | 198,762 | 197,726 | 173,082 | 159,629 | 156,410 | 164,127 | 161,551 | 156,191 | 153,460 | 153,648 | 186,129 |
| Current ratio | 2.95 | 3.28 | 3.29 | 3.32 | 2.80 | 3.00 | 3.08 | 2.79 | 2.50 | 2.80 | 2.70 | 2.86 | 2.84 | 2.83 | 2.65 | 2.53 | 2.64 | 3.25 | 3.77 | 2.48 |
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 fluctuations over the period from March 31, 2020, to December 31, 2024, ranging from a low of 2.48 to a high of 3.77. Generally, a current ratio above 2.0 is considered healthy, as it indicates that the company has sufficient current assets to cover its current liabilities.
The current ratio improved in the latter part of 2020 and into 2021, reaching a peak of 3.77 on June 30, 2020. However, the ratio experienced some fluctuations thereafter, with values mostly ranging between 2.5 to 3.3. These fluctuations may indicate changes in the company's liquidity position, potentially influenced by factors such as changes in asset and liability management, sales levels, or cash flow dynamics.
Overall, the current ratio of Integer Holdings Corp has remained above 2.0 throughout the period, suggesting that the company has generally been able to meet its short-term obligations comfortably. However, stakeholders should continue to monitor the ratio for any sustained trends or significant deviations as it can provide insight into the company's financial health and ability to manage its short-term liquidity.
Peer comparison
Dec 31, 2024