STAAR Surgical Company (STAA)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 365,269 | 311,723 | 271,411 | 216,418 | 174,666 |
| Total current liabilities | US$ in thousands | 65,036 | 51,716 | 48,802 | 41,236 | 34,478 |
| Current ratio | 5.62 | 6.03 | 5.56 | 5.25 | 5.07 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $365,269K ÷ $65,036K
= 5.62
STAAR Surgical Company's current ratio has shown a consistent upward trend over the past five years, indicating a strengthening liquidity position. The current ratio has improved from 5.07 in 2019 to 5.62 in 2023. This suggests that the company has ample current assets to cover its current liabilities, with a margin of safety that has widened over time. A higher current ratio signifies that STAAR Surgical Company is better equipped to meet its short-term obligations and suggests a lower risk of liquidity problems. This trend is generally positive and indicates efficient management of working capital, which is essential for the company's ongoing operations and financial stability.
Peer comparison
Dec 31, 2023