Stryker Corporation (SYK)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 14,847,000 | 12,518,000 | 10,275,000 | 10,017,000 | 9,707,000 |
| Total current liabilities | US$ in thousands | 7,616,000 | 7,921,000 | 6,303,000 | 4,549,000 | 5,041,000 |
| Current ratio | 1.95 | 1.58 | 1.63 | 2.20 | 1.93 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $14,847,000K ÷ $7,616,000K
= 1.95
The current ratio of Stryker Corporation has shown fluctuations over the past five years. Starting at 1.93 in December 31, 2020, the ratio improved to 2.20 by December 31, 2021, indicating the company had $2.20 in current assets for every $1 of current liabilities.
However, there was a decline in the current ratio to 1.63 by December 31, 2022, and a further drop to 1.58 by December 31, 2023, indicating a potential strain on the company's ability to meet its short-term obligations with its current assets alone.
The ratio then rebounded to 1.95 by December 31, 2024, although it did not reach the previous high levels seen in 2021. Overall, while the current ratio has fluctuated, it is generally above 1, suggesting that Stryker has had sufficient current assets to cover its current liabilities over the years, albeit with some variability in liquidity levels.
Peer comparison
Dec 31, 2024