Merit Medical Systems Inc (MMSI)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 376,715 | 587,036 | 58,408 | 67,750 | 56,916 |
| Short-term investments | US$ in thousands | — | 2,100 | — | — | — |
| Receivables | US$ in thousands | 206,831 | 188,402 | 177,669 | 170,064 | 154,415 |
| Total current liabilities | US$ in thousands | 216,402 | 203,564 | 220,645 | 236,280 | 185,004 |
| Quick ratio | 2.70 | 3.82 | 1.07 | 1.01 | 1.14 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($376,715K
+ $—K
+ $206,831K)
÷ $216,402K
= 2.70
The quick ratio of Merit Medical Systems Inc has exhibited fluctuations over the past five years. In December 2020, the quick ratio was 1.14, indicating that the company had $1.14 in liquid assets for every $1 of current liabilities. By December 2021, the quick ratio had decreased slightly to 1.01, suggesting a tighter liquidity position. However, in December 2022, the quick ratio improved to 1.07, signaling better short-term liquidity.
The most significant change occurred in December 2023 when the quick ratio surged to 3.82, reflecting a substantial increase in liquid assets relative to current liabilities. This sharp increase may be due to improved cash management or a reduction in short-term obligations.
In December 2024, the quick ratio remained strong at 2.70, indicating that the company continued to maintain a healthy level of liquid assets compared to immediate liabilities. Overall, the trend in the quick ratio demonstrates varying levels of liquidity over the years, with the company showing periods of stronger and weaker short-term financial health.
Peer comparison
Dec 31, 2024