Stryker Corporation (SYK)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 12,518,000 | 10,275,000 | 10,017,000 | 9,707,000 | 11,058,000 |
| Total current liabilities | US$ in thousands | 7,921,000 | 6,303,000 | 4,549,000 | 5,041,000 | 4,400,000 |
| Current ratio | 1.58 | 1.63 | 2.20 | 1.93 | 2.51 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $12,518,000K ÷ $7,921,000K
= 1.58
The current ratio of Stryker Corp. has shown a declining trend over the last five years. The ratio decreased from 2.58 in 2019 to 1.58 in 2023. This indicates that the company may be facing challenges in meeting its short-term financial obligations with its current assets. A current ratio below 2 suggests that Stryker Corp. may have a lower ability to cover its current liabilities with its current assets. This trend warrants further investigation into the company's liquidity position and its ability to efficiently manage its working capital. It is advisable for stakeholders to closely monitor the company's liquidity ratios in the future to assess its financial health.
Peer comparison
Dec 31, 2023