Masimo Corporation (MASI)
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 | 1,231,900 | 1,237,500 | 1,208,200 | 1,260,800 | 1,308,600 | 1,245,600 | 1,158,200 | 1,224,740 | 1,238,500 | 1,137,790 | 1,051,840 | 983,110 | 1,101,160 | 1,158,970 | 1,092,610 | 980,156 | 996,062 | 934,216 | 864,043 | 850,297 |
| Total current liabilities | US$ in thousands | 563,800 | 578,800 | 571,900 | 583,200 | 630,000 | 587,300 | 552,000 | 254,311 | 267,700 | 228,254 | 220,029 | 196,872 | 233,836 | 232,752 | 227,556 | 157,292 | 172,219 | 150,008 | 136,074 | 121,157 |
| Current ratio | 2.18 | 2.14 | 2.11 | 2.16 | 2.08 | 2.12 | 2.10 | 4.82 | 4.63 | 4.98 | 4.78 | 4.99 | 4.71 | 4.98 | 4.80 | 6.23 | 5.78 | 6.23 | 6.35 | 7.02 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,231,900K ÷ $563,800K
= 2.18
The current ratio of Masimo Corporation has exhibited fluctuation over the past few quarters, ranging from a low of 2.08 to a high of 7.02. Overall, the current ratio has generally remained above 2, indicating that the company has had sufficient current assets to cover its current liabilities. The sharp increase in the current ratio from March 2022 to March 2022 may be attributed to a significant increase in current assets or a decrease in current liabilities. Such a high current ratio of 7.02 in December 2019 suggests a substantial excess of current assets over current liabilities, which could signify a strong liquidity position. However, it is important to note that an excessively high current ratio can also indicate inefficiency in managing working capital. Further analysis of the company's financial statements and business operations would be necessary to fully understand the factors driving these fluctuations in the current ratio.
Peer comparison
Dec 31, 2023