STAAR Surgical Company (STAA)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 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 | 174,666 | 164,962 | 158,908 | 152,685 |
| 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 |
| Current ratio | 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 | 5.07 | 5.50 | 5.53 | 5.41 |
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 been relatively stable over the past few years, ranging from a low of 5.07 to a high of 6.65. The current ratio measures the company's ability to cover its short-term liabilities with its short-term assets. A higher current ratio indicates a stronger liquidity position, as the company has more current assets to cover its current liabilities.
Overall, STAAR Surgical Company's current ratio has been consistently above 5, which is generally considered a healthy level. This suggests that the company has a comfortable buffer to meet its short-term obligations and indicates a strong financial position. The increasing trend in the current ratio over the past few quarters further reinforces the company's ability to manage its short-term obligations effectively.
Peer comparison
Dec 31, 2023