STAAR Surgical Company (STAA)
Cash 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 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 183,038 | 127,432 | 94,695 | 89,968 | 86,480 | 129,242 | 202,490 | 193,067 | 199,706 | 196,246 | 173,083 | 162,344 | 152,453 | 128,338 | 116,315 | 110,851 | 119,968 | 112,327 | 103,251 | 102,111 |
| Short-term investments | US$ in thousands | 37,688 | 60,681 | 97,312 | 113,879 | 125,159 | 82,091 | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 65,036 | 56,775 | 54,194 | 47,063 | 51,716 | 45,320 | 46,514 | 41,182 | 48,802 | 46,796 | 41,801 | 36,129 | 41,236 | 33,859 | 31,589 | 29,902 | 34,478 | 29,972 | 28,711 | 28,231 |
| Cash ratio | 3.39 | 3.31 | 3.54 | 4.33 | 4.09 | 4.66 | 4.35 | 4.69 | 4.09 | 4.19 | 4.14 | 4.49 | 3.70 | 3.79 | 3.68 | 3.71 | 3.48 | 3.75 | 3.60 | 3.62 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($183,038K
+ $37,688K)
÷ $65,036K
= 3.39
The cash ratio of STAAR Surgical Company has exhibited stability and consistency over the past five years, ranging between 3.31 and 4.69. The ratio measures the company's ability to cover its short-term liabilities with its cash and cash equivalents.
STAAR Surgical Company has maintained a healthy cash ratio above 3.0, indicating a strong liquidity position and ability to meet its immediate obligations. The company's cash ratio trend suggests that it has effectively managed its cash resources to ensure financial stability.
Overall, the consistent levels of the cash ratio reflect STAAR Surgical Company's prudence in managing its cash position, which is essential for supporting ongoing operations, capital investments, and potential growth opportunities.
Peer comparison
Dec 31, 2023