Envista Holdings Corp (NVST)
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,743,700 | 1,640,700 | 1,488,900 | 1,414,300 | 1,424,600 | 1,366,000 | 1,388,300 | 1,908,900 | 1,835,800 | 1,766,400 | 1,301,700 | 1,163,300 | 1,590,600 | 1,416,200 | 1,517,700 | 1,114,200 | 1,001,900 |
| Total current liabilities | US$ in thousands | 780,800 | 746,800 | 1,150,800 | 1,149,600 | 1,236,700 | 1,258,300 | 1,256,200 | 1,255,700 | 1,208,200 | 1,269,200 | 1,163,200 | 1,136,300 | 1,684,700 | 678,900 | 830,200 | 608,900 | 709,200 |
| Current ratio | 2.23 | 2.20 | 1.29 | 1.23 | 1.15 | 1.09 | 1.11 | 1.52 | 1.52 | 1.39 | 1.12 | 1.02 | 0.94 | 2.09 | 1.83 | 1.83 | 1.41 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,743,700K ÷ $780,800K
= 2.23
The current ratio of Envista Holdings Corp has shown improvement over the quarters, indicating the company's ability to cover its short-term obligations with its current assets. The trend has been positive, with the current ratio increasing from 1.15 in Q4 2022 to 2.23 in Q4 2023. This suggests that the company has a stronger liquidity position, with more current assets available to meet its current liabilities. However, there was a significant drop in Q2 2023, with the current ratio decreasing to 1.29, which raises concerns about the company's short-term liquidity during that period. Overall, Envista Holdings Corp's current ratio has demonstrated an overall positive trend, reflecting improved liquidity management and financial health.
Peer comparison
Dec 31, 2023