Merit Medical Systems Inc (MMSI)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 923,774 | 1,108,470 | 529,084 | 482,212 | 429,707 |
| Total current liabilities | US$ in thousands | 216,402 | 203,564 | 220,645 | 236,280 | 185,004 |
| Current ratio | 4.27 | 5.45 | 2.40 | 2.04 | 2.32 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $923,774K ÷ $216,402K
= 4.27
The current ratio of Merit Medical Systems Inc has displayed fluctuations over the past five years. Starting at 2.32 in December 31, 2020, it experienced a slight decrease to 2.04 by December 31, 2021, indicating a potential strain on short-term liquidity. However, the ratio recovered and improved to 2.40 by December 31, 2022, signifying a healthier position in meeting current obligations. The ratio saw a significant increase to 5.45 by December 31, 2023, suggesting a substantial improvement in liquidity and potentially excess current assets. By December 31, 2024, the current ratio decreased to 4.27, still maintaining a strong position in terms of current assets to current liabilities. Overall, the trend indicates fluctuating but generally favorable liquidity levels over the five-year period.
Peer comparison
Dec 31, 2024