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.
Peer comparison
Dec 31, 2023