Inari Medical Inc (NARI)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 235,563 | 422,905 | 245,198 | 205,673 |
| Total current liabilities | US$ in thousands | 76,339 | 56,174 | 42,513 | 13,838 |
| Current ratio | 3.09 | 7.53 | 5.77 | 14.86 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $235,563K ÷ $76,339K
= 3.09
The current ratio for Inari Medical Inc has been fluctuating over the past four years. In 2020, the company had a very high current ratio of 14.86, indicating a strong ability to cover its short-term liabilities with its current assets. This ratio decreased significantly to 5.77 in 2021, but still remained at a relatively healthy level.
However, in 2022, the current ratio jumped to 7.53, signaling an improvement in the company's short-term liquidity position. The most recent data for 2023 shows a current ratio of 3.09, which is lower compared to the previous year but still indicates that Inari Medical Inc has sufficient current assets to meet its short-term obligations.
Overall, while the current ratio has fluctuated, Inari Medical Inc has generally maintained a strong liquidity position over the years, with current assets consistently exceeding current liabilities to varying degrees.
Peer comparison
Dec 31, 2023