Stryker Corporation (SYK)
Cash 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 and cash equivalents | US$ in thousands | 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 | 4,337,000 | 1,948,000 | 1,754,000 | 1,674,000 |
| Short-term investments | US$ in thousands | 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 | 80,000 | 84,000 | 88,000 | 88,000 | 85,000 | 84,000 |
| Total current liabilities | US$ in thousands | 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 | 4,400,000 | 3,921,000 | 3,946,000 | 3,713,000 |
| Cash ratio | 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 | 1.50 | 0.97 | 1.01 | 0.52 | 0.47 | 0.47 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($2,971,000K
+ $82,000K)
÷ $7,921,000K
= 0.39
The cash ratio of Stryker Corp. has shown fluctuations over the past eight quarters. The cash ratio measures a company's ability to cover its short-term liabilities with its available cash and cash equivalents.
In Q4 2023, the cash ratio was 0.49, indicating that Stryker had $0.49 in cash and cash equivalents for every dollar of its current liabilities. This represents an improvement from the previous quarter where the ratio was 0.39. However, it is lower than Q3 and Q2 2022 where the ratios were 0.51 and 0.44 respectively.
The trend of the cash ratio over the past year suggests some variability in Stryker's liquidity position. Investors and creditors may closely monitor the cash ratio to assess the company's ability to meet its short-term obligations. The company's management might need to keep a close eye on managing its cash position efficiently to ensure liquidity in the event of unexpected financial challenges.
Peer comparison
Dec 31, 2023