STAAR Surgical Company (STAA)
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 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 368 | 397,106 | 383,817 | 365,715 | 365,269 | 347,068 | 328,003 | 312,871 | 311,723 | 296,910 | 296,456 | 273,902 | 271,411 | 263,945 | 248,117 | 223,515 | 216,418 | 196,003 | 182,517 | 172,076 |
| Total current liabilities | US$ in thousands | 70 | 66,341 | 66,170 | 62,674 | 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 |
| Current ratio | 5.26 | 5.99 | 5.80 | 5.84 | 5.62 | 6.11 | 6.05 | 6.65 | 6.03 | 6.55 | 6.37 | 6.65 | 5.56 | 5.64 | 5.94 | 6.19 | 5.25 | 5.79 | 5.78 | 5.75 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $368K ÷ $70K
= 5.26
Based on the provided data for STAAR Surgical Company's current ratio from March 31, 2020, to December 31, 2024, we can observe fluctuations in the company's ability to meet its short-term obligations.
The current ratio, which measures the company's ability to cover its short-term liabilities with its current assets, shows an upward trend starting from 5.75 in March 2020 to a peak of 6.65 in March 2022. This indicates that the company had a strong ability to pay off its current liabilities using its current assets during this period.
However, there was a slight decrease in the current ratio to 5.62 by December 31, 2023, and further dropped to 5.26 by the end of December 2024. These declines may suggest potential challenges in managing short-term obligations. It is important to note that while the current ratio is above 1 (indicating the company can meet its current liabilities), a declining trend should be monitored as it may signify a potential liquidity issue in the future.
Overall, while the company has maintained a generally healthy current ratio above 5 throughout the analyzed period, management should keep a close eye on any further decreases to ensure the company's liquidity position remains stable.
Peer comparison
Dec 31, 2024