Stryker Corporation (SYK)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 12,518,000 | 11,045,000 | 10,151,000 | 10,155,000 | 10,275,000 | 9,318,000 | 8,825,000 | 8,725,000 | 10,017,000 | 9,460,000 | 9,032,000 | 8,979,000 | 9,707,000 | 13,545,000 | 12,801,000 | 10,736,000 | 11,058,000 | 8,566,000 | 8,185,000 | 7,888,000 |
| 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 |
| Current ratio | 1.58 | 1.48 | 1.54 | 1.73 | 1.63 | 2.04 | 2.00 | 1.98 | 2.20 | 2.13 | 2.12 | 2.27 | 1.93 | 2.89 | 2.91 | 2.58 | 2.51 | 2.18 | 2.07 | 2.12 |
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., a medical technology company, has exhibited fluctuations over the past eight quarters. The current ratio measures the company's ability to cover its short-term liabilities with its current assets.
In Q4 2023, the current ratio was 1.58, indicating that the company had $1.58 in current assets for every $1 in current liabilities. This showed a slight improvement from the previous quarter at 1.48. The current ratio has generally remained above 1, signifying that Stryker Corp. has had sufficient current assets to meet its short-term obligations.
The highest current ratio within the observed period was noted in Q3 2022 at 2.04, suggesting a strong liquidity position at that time. In contrast, the lowest current ratio was seen in Q4 2022 at 1.63, indicating a slightly weaker ability to cover current liabilities.
Overall, the current ratio trend for Stryker Corp. has been relatively stable, mostly staying above 1.5. This implies the company has been able to manage its short-term obligations effectively and is in a favorable position to meet its current liabilities using its current assets. However, fluctuations in the current ratio should be further analyzed to understand any underlying reasons for these changes.
Peer comparison
Dec 31, 2023