Envista Holdings Corp (NVST)
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,788,300 | 1,797,000 | 1,821,900 | 1,771,900 | 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 |
| Total current liabilities | US$ in thousands | 878,700 | 865,500 | 821,400 | 781,300 | 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 |
| Current ratio | 2.04 | 2.08 | 2.22 | 2.27 | 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 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,788,300K ÷ $878,700K
= 2.04
The current ratio of Envista Holdings Corp has shown fluctuations over the periods indicated. The ratio, which measures the company's ability to cover its short-term liabilities with its current assets, was 2.09 as of September 30, 2020, indicating a healthy liquidity position. However, by December 31, 2020, the ratio had dropped significantly to 0.94, suggesting potential liquidity concerns.
Subsequently, the company has managed to improve its current ratio gradually, reaching 1.52 by December 31, 2021, which indicates a healthier liquidity position than the previous period. The ratio remained stable around this level in the following quarters, showing some fluctuations but generally staying above 1, indicating the company's ability to cover its short-term obligations.
By September 30, 2023, the current ratio increased significantly to 2.20, suggesting a strong ability to cover short-term obligations with current assets. The ratio further improved to 2.04 by December 31, 2024, indicating a robust liquidity position at the end of the period.
Overall, Envista Holdings Corp's current ratio has demonstrated fluctuations but has generally shown improvement over the periods analyzed, reflecting the company's ability to manage its short-term obligations with its current assets effectively. However, it is essential to continue monitoring the ratio to ensure the company maintains a healthy liquidity position.
Peer comparison
Dec 31, 2024