Revvity Inc. (RVTY)
Current ratio
Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
---|---|---|---|---|---|---|
Total current assets | US$ in thousands | 2,349,610 | 3,001,090 | 3,288,560 | 2,440,780 | 2,238,920 |
Total current liabilities | US$ in thousands | 653,100 | 1,450,460 | 1,544,480 | 1,213,740 | 1,652,190 |
Current ratio | 3.60 | 2.07 | 2.13 | 2.01 | 1.36 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $2,349,610K ÷ $653,100K
= 3.60
The current ratio of Revvity Inc. has shown a generally positive trend over the past five years, increasing from 1.36 in December 31, 2020, to a high of 3.60 in December 31, 2024. This indicates that the company's ability to meet its short-term obligations with its current assets has been steadily improving.
A current ratio above 1 is considered healthy, as it suggests that the company has more current assets than current liabilities, providing a buffer for any short-term financial disruptions. Revvity Inc.'s current ratio has consistently exceeded this threshold in the observed period, and the recent significant increase to 3.60 in December 31, 2024, indicates a strong liquidity position.
This trend suggests that Revvity Inc. has been managing its current assets and liabilities effectively, maintaining a comfortable position in terms of short-term liquidity. Investors and analysts may view this positively, as a high current ratio can indicate financial stability and the ability to weather potential economic uncertainties without facing liquidity issues.
Peer comparison
Dec 31, 2024