Merit Medical Systems Inc (MMSI)

Current ratio

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Total current assets	US$ in thousands	923,774	1,078,320	1,162,550	1,105,280	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
Total current liabilities	US$ in thousands	216,402	201,079	186,215	183,344	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
Current ratio		4.27	5.36	6.24	6.03	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

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 been fluctuating over the past few years, indicating the company's ability to meet its short-term obligations with its current assets. The current ratio stood at 2.80 as of March 31, 2020, showing a favorable liquidity position. However, the ratio slightly decreased to 2.04 by December 31, 2021, before increasing to 6.24 by June 30, 2024. This significant increase in the current ratio indicates a substantial improvement in the company's short-term liquidity position, with current assets more than covering current liabilities.

Overall, Merit Medical Systems Inc's current ratio has shown adequate liquidity levels, with fluctuations reflecting changes in the company's short-term asset management and liabilities. The recent ratios above 3 suggest a strong ability to cover short-term obligations, providing a positive indicator of the company's financial health in the near term.