LivaNova PLC (LIVN)

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	988,158	953,867	941,835	903,017	886,136	851,222	771,927	809,623	679,181	646,355	809,102	690,630	708,044	673,136	672,439	616,922	549,443	546,846	568,444	540,602
Total current liabilities	US$ in thousands	334,983	295,396	288,164	316,129	297,398	288,016	263,893	307,914	696,970	658,465	702,248	295,356	309,052	281,759	268,364	529,724	512,553	469,191	595,909	622,310
Current ratio		2.95	3.23	3.27	2.86	2.98	2.96	2.93	2.63	0.97	0.98	1.15	2.34	2.29	2.39	2.51	1.16	1.07	1.17	0.95	0.87

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $988,158K ÷ $334,983K
= 2.95

The current ratio of LivaNova PLC has demonstrated some fluctuations over the past eight quarters, ranging from a low of 2.63 in Q1 2022 to a high of 3.27 in Q2 2023. It indicates the company's ability to cover its short-term obligations with its current assets. The current ratio has generally remained above 2.5, which is considered a healthy level, suggesting that LivaNova has a strong ability to meet its short-term liabilities with its current assets. However, the fluctuations in the ratio over time should be monitored to understand any underlying changes in the company's liquidity position. Overall, the current ratio of LivaNova PLC reflects a satisfactory liquidity position during the period under review.