Stryker Corporation (SYK)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 14,847,000 | 14,673,000 | 11,645,000 | 11,892,000 | 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 |
| 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 |
| Current ratio | 1.95 | 1.91 | 1.68 | 1.71 | 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 |
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 some fluctuations over the provided time period. The ratio increased from 2.58 on March 31, 2020, to a peak of 2.91 on June 30, 2020. It remained relatively stable around the high 2s for the next few quarters, indicating the company had a comfortable level of current assets to cover its current liabilities.
However, there was a noticeable decline in the current ratio to 1.93 on December 31, 2020. This drop could raise concerns about the company's liquidity position and its ability to meet short-term obligations. The ratio improved in the following quarters, reaching 2.27 on March 31, 2021, and 2.12 on June 30, 2021.
Subsequently, there were fluctuations in the current ratio, with values ranging between 1.48 and 2.20 up to December 31, 2024. Overall, while the current ratio experienced variability, it generally stayed above 1.5, indicating the company maintained a strong ability to cover its short-term liabilities with current assets. However, closer monitoring may be warranted to ensure liquidity remains at satisfactory levels.
Peer comparison
Dec 31, 2024