Stryker Corporation (SYK)
Cash 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 and cash equivalents | US$ in thousands | 3,652,000 | 3,850,000 | 1,874,000 | 2,330,000 | 2,971,000 | 1,860,000 | 1,401,000 | 1,671,000 | 1,844,000 | 1,420,000 | 1,044,000 | 1,458,000 | 2,944,000 | 2,563,000 | 2,241,000 | 2,238,000 | 2,943,000 | 7,083,000 | 6,539,000 | 3,964,000 |
| Short-term investments | US$ in thousands | 841,000 | 834,000 | 83,000 | 77,000 | 82,000 | 76,000 | 77,000 | 86,000 | 84,000 | 77,000 | 83,000 | 72,000 | 75,000 | 76,000 | 84,000 | 74,000 | 81,000 | 78,000 | — | — |
| Total current liabilities | US$ in thousands | 7,616,000 | 7,669,000 | 6,926,000 | 6,955,000 | 7,921,000 | 7,458,000 | 6,584,000 | 5,866,000 | 6,303,000 | 4,571,000 | 4,404,000 | 4,408,000 | 4,549,000 | 4,449,000 | 4,252,000 | 3,953,000 | 5,041,000 | 4,689,000 | 4,405,000 | 4,162,000 |
| Cash ratio | 0.59 | 0.61 | 0.28 | 0.35 | 0.39 | 0.26 | 0.22 | 0.30 | 0.31 | 0.33 | 0.26 | 0.35 | 0.66 | 0.59 | 0.55 | 0.58 | 0.60 | 1.53 | 1.48 | 0.95 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($3,652,000K
+ $841,000K)
÷ $7,616,000K
= 0.59
The cash ratio of Stryker Corporation has shown some fluctuations over the past few years. From March 31, 2020, to December 31, 2020, there was a decline in the cash ratio from 0.95 to 0.60, indicating a decrease in the company's ability to cover its short-term liabilities with its cash holdings.
However, from December 31, 2020, to September 30, 2021, there was an improvement in the cash ratio from 0.60 to 0.59. This suggests a slight enhancement in the company's liquidity position during this period.
Subsequently, from September 30, 2021, to June 30, 2022, there was a notable decrease in the cash ratio from 0.59 to 0.26, indicating a significant decline in the company's ability to cover its short-term liabilities with available cash. This could potentially raise concerns about the company's liquidity position during this period.
From June 30, 2022, to December 31, 2024, the cash ratio fluctuated within a range of 0.22 to 0.61, showing variability in the company's liquidity position over these quarters.
Overall, the cash ratio of Stryker Corporation has displayed fluctuations, with some periods showing improvements in liquidity and others indicating challenges in covering short-term liabilities with available cash. Company stakeholders should continue to monitor these trends to assess the company's short-term liquidity position effectively.
Peer comparison
Dec 31, 2024