STAAR Surgical Company (STAA)
Quick 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 | 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 | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 97,160 | 114,556 | 98,322 | 68,171 | 65,113 | 56,984 | — | — | 45,777 | — | — | — | 37,285 | — | — | — | — | — | — | — |
| 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 |
| Quick ratio | 4.89 | 5.33 | 5.36 | 5.78 | 5.35 | 5.92 | 4.35 | 4.69 | 5.03 | 4.19 | 4.14 | 4.49 | 4.60 | 3.79 | 3.68 | 3.71 | 3.48 | 3.75 | 3.60 | 3.62 |
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, also known as the acid-test ratio, measures a company's ability to meet its short-term liabilities with its most liquid assets. A quick ratio above 1 indicates that a company has enough liquid assets to cover its short-term liabilities.
Based on the data provided, STAAR Surgical Company's quick ratio has shown fluctuation over the past few quarters. The quick ratio for Dec 31, 2023, stands at 4.89, which indicates a strong ability to meet short-term obligations with liquid assets. The quick ratios for the preceding quarters, Sep 30, 2023, Jun 30, 2023, and Mar 31, 2023, were relatively high as well at 5.33, 5.36, and 5.78 respectively, showing a consistent trend of strong liquidity.
However, in the previous quarters, the quick ratio experienced some fluctuations with ratios ranging from 3.48 to 5.92. Particularly in Jun 30, 2022 and Mar 31, 2022, the quick ratio dropped to 4.35 and 4.69 respectively, indicating a relatively lower level of liquidity compared to the recent quarters.
Overall, the quick ratio of STAAR Surgical Company has generally been healthy and has shown a trend of increasing liquidity in the most recent quarters, which suggests the company's ability to comfortably meet its short-term obligations with its readily available liquid assets.
Peer comparison
Dec 31, 2023