Merit Medical Systems Inc (MMSI)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 376,715 | 523,128 | 636,658 | 581,921 | 587,036 | 58,673 | 72,084 | 57,945 | 58,408 | 51,481 | 63,003 | 53,875 | 67,750 | 68,904 | 69,672 | 58,519 | 56,916 | 44,551 | 49,702 | 50,080 |
| Short-term investments | US$ in thousands | — | 2,149 | 254 | 1,150 | 1,503 | 2,320 | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 206,831 | 205,156 | 193,027 | 191,643 | 188,402 | 181,400 | 183,624 | 184,741 | 177,669 | 166,655 | 169,428 | 167,607 | 170,064 | 161,439 | 161,819 | 159,033 | 154,415 | 150,030 | 147,006 | 159,296 |
| 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 |
| Quick ratio | 2.70 | 3.63 | 4.46 | 4.23 | 3.82 | 1.30 | 1.35 | 1.12 | 1.07 | 1.02 | 1.19 | 1.09 | 1.01 | 1.08 | 1.10 | 1.05 | 1.14 | 1.05 | 1.13 | 1.27 |
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 shown fluctuations over the analyzed periods, ranging from 1.01 to 4.46. This ratio indicates the company's ability to meet its short-term obligations using its most liquid assets. A quick ratio above 1 suggests that the company can cover its current liabilities with its most liquid assets.
The quick ratio peaked at 4.46 on June 30, 2024, indicating a strong ability to cover current liabilities. This suggests an improvement in the company's liquidity position compared to previous periods. However, the ratio experienced a significant drop to 2.70 by the end of December 31, 2024.
Overall, fluctuations in the quick ratio may suggest changes in the company's ability to meet its short-term obligations efficiently. It is essential to monitor this ratio to ensure that the company maintains a healthy liquidity position to meet its financial obligations.
Peer comparison
Dec 31, 2024