Stryker Corporation (SYK)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 3,652,000 | 3,850,000 | 1,874,000 | 2,330,000 | 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 |
| Short-term investments | US$ in thousands | 841,000 | 834,000 | 83,000 | 77,000 | 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 | — | — |
| Receivables | US$ in thousands | 3,987,000 | 3,736,000 | 3,622,000 | 3,473,000 | 3,765,000 | 3,276,000 | 3,261,000 | 3,215,000 | 3,565,000 | 3,103,000 | 3,145,000 | 2,991,000 | 3,022,000 | 2,817,000 | 2,714,000 | 2,616,000 | 2,701,000 | 2,426,000 | 2,203,000 | 2,646,000 |
| 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 |
| Quick ratio | 1.11 | 1.10 | 0.81 | 0.85 | 0.86 | 0.70 | 0.72 | 0.85 | 0.87 | 1.01 | 0.97 | 1.03 | 1.33 | 1.23 | 1.19 | 1.25 | 1.14 | 2.04 | 1.98 | 1.59 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($3,652,000K
+ $841,000K
+ $3,987,000K)
÷ $7,616,000K
= 1.11
The quick ratio of Stryker Corporation has shown fluctuations over the periods presented. The quick ratio measures the company's ability to cover its short-term liabilities with its most liquid assets. A quick ratio above 1 indicates that the company has an adequate level of liquid assets to cover its short-term liabilities.
From March 31, 2020, to September 30, 2021, the quick ratio has generally been above 1, suggesting that Stryker had a strong ability to meet its short-term obligations using its quick assets.
However, from December 31, 2021, to June 30, 2023, the quick ratio declined, falling below 1 at certain points. This indicates that Stryker may have faced some challenges in meeting its short-term liabilities with its readily available assets during this period.
The quick ratio improved from September 30, 2023, to December 31, 2024, with the ratio surpassing 1 again. This improvement suggests that Stryker enhanced its ability to cover its short-term obligations with its quick assets during this time frame.
Overall, while there have been fluctuations in the quick ratio, it is important for Stryker to maintain a healthy level above 1 to ensure financial stability and the ability to meet short-term obligations effectively.
Peer comparison
Dec 31, 2024