Revvity Inc. (RVTY)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 3,001,090 | 3,288,560 | 2,440,780 | 2,238,920 | 1,374,380 |
| Total current liabilities | US$ in thousands | 1,450,460 | 1,544,480 | 1,213,740 | 1,652,190 | 762,832 |
| Current ratio | 2.07 | 2.13 | 2.01 | 1.36 | 1.80 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $3,001,090K ÷ $1,450,460K
= 2.07
The current ratio of Revvity Inc. has shown a fluctuating trend over the past five years. As of December 31, 2023, the current ratio stands at 2.07, indicating that the company has $2.07 in current assets to cover each dollar of current liabilities. This represents a slight decrease from the previous year's ratio of 2.13.
Looking further back, the current ratio has improved compared to two years ago when it was 2.01. However, there was a significant increase in the current ratio from January 3, 2021, where it was 1.36, showing a substantial improvement in the company's liquidity position over the last three years.
Compared to December 29, 2019, when the current ratio was 1.80, the current financial position of Revvity Inc. seems stronger. A current ratio above 2 generally indicates that the company is able to meet its short-term obligations comfortably. However, it is essential to continue monitoring the trend to ensure that the company maintains a healthy liquidity position going forward.
Peer comparison
Dec 31, 2023