STAAR Surgical Company (STAA)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 144 | 164,003 | 192,776 | 224,024 | 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 |
| Short-term investments | US$ in thousands | 86,335 | 71,955 | 42,424 | 21,125 | 37,688 | 60,681 | 97,312 | 113,879 | 125,159 | 82,091 | 82,091 | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Quick ratio | 1,235.41 | 3.56 | 3.55 | 3.91 | 3.39 | 3.31 | 3.54 | 4.33 | 4.09 | 4.66 | 6.12 | 4.69 | 4.09 | 4.19 | 4.14 | 4.49 | 3.70 | 3.79 | 3.68 | 3.71 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($144K
+ $86,335K
+ $—K)
÷ $70K
= 1,235.41
STAAR Surgical Company's quick ratio has shown a generally increasing trend over the years, reflecting a strong ability to meet short-term obligations using its most liquid assets. The quick ratio ranged from 3.71 to 6.12 between March 31, 2020, and June 30, 2022, indicating a healthy liquidity position during this period. However, there was a significant spike in the quick ratio to 1,235.41 on December 31, 2024, which seems like an anomaly or data error that could distort the overall analysis.
Overall, the company's quick ratio has been consistently above the industry average of 1, indicating a sound ability to cover its current liabilities with highly liquid assets. It is essential for stakeholders to further investigate the unusual spike in the quick ratio on December 31, 2024, to ensure the accuracy and reliability of the financial data.
Peer comparison
Dec 31, 2024