STAAR Surgical Company (STAA)
Quick ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 183,038 | 86,480 | 199,706 | 152,453 | 119,968 |
| Short-term investments | US$ in thousands | 37,688 | 125,159 | — | — | — |
| Receivables | US$ in thousands | 97,160 | 65,113 | 45,777 | 37,285 | 31,709 |
| Total current liabilities | US$ in thousands | 65,036 | 51,716 | 48,802 | 41,236 | 34,478 |
| Quick ratio | 4.89 | 5.35 | 5.03 | 4.60 | 4.40 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($183,038K
+ $37,688K
+ $97,160K)
÷ $65,036K
= 4.89
The quick ratio of STAAR Surgical Company has demonstrated a consistently strong liquidity position over the past five years, ranging from 4.40 to 5.35. This indicates the company's ability to meet its short-term obligations using its most liquid assets, such as cash and accounts receivable, without relying heavily on inventory.
The gradual decrease in the quick ratio from 5.35 in 2022 to 4.89 in 2023 may suggest a slight decrease in the company's short-term liquidity position. However, with a quick ratio still well above 1, STAAR Surgical appears to have a comfortable buffer to cover its current liabilities without facing liquidity constraints.
Overall, the trend of the quick ratio over the years reflects a stable and healthy financial position for STAAR Surgical Company, indicating a strong ability to manage short-term obligations and potential unforeseen financial challenges.
Peer comparison
Dec 31, 2023