Merit Medical Systems Inc (MMSI)

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	1,108,470	585,318	594,907	557,217	529,084	499,863	492,631	478,092	482,212	463,442	449,782	438,488	429,707	434,626	445,945	462,508	454,538	441,302	426,946	421,783
Total current liabilities	US$ in thousands	203,564	187,133	190,003	215,952	220,645	213,035	195,590	203,831	236,280	213,475	210,604	207,678	185,004	186,047	174,224	165,291	181,656	153,213	176,551	178,459
Current ratio		5.45	3.13	3.13	2.58	2.40	2.35	2.52	2.35	2.04	2.17	2.14	2.11	2.32	2.34	2.56	2.80	2.50	2.88	2.42	2.36

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $1,108,470K ÷ $203,564K
= 5.45

The current ratio of Merit Medical Systems, Inc. has been showing a generally positive trend over the past few quarters. The ratio has consistently increased from 2.40 in Q4 2022 to 5.45 in Q4 2023, indicating a significant improvement in the company's short-term liquidity position.

A current ratio of 5.45 in Q4 2023 means that the company has $5.45 in current assets for every $1 in current liabilities, which suggests that Merit Medical Systems, Inc. is in a strong position to meet its short-term financial obligations.

The upward trend in the current ratio indicates that the company has been effectively managing its current assets and liabilities, potentially enhancing its financial stability and ability to weather economic uncertainties. It also suggests that the company may have improved cash flow management and efficient working capital utilization during the period under review.

Overall, the consistent increase in the current ratio of Merit Medical Systems, Inc. is a positive indicator of the company's short-term financial health and its ability to cover its immediate liabilities with its current assets.