Teleflex Incorporated (TFX)

Current ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Total current assets	US$ in thousands	1,407,410	1,410,980	1,429,120	1,422,420	1,306,330
Total current liabilities	US$ in thousands	606,745	581,492	680,119	540,027	563,055
Current ratio		2.32	2.43	2.10	2.63	2.32

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $1,407,410K ÷ $606,745K
= 2.32

The current ratio of Teleflex Incorporated has shown some fluctuations over the past five years. As of December 31, 2023, the current ratio stands at 2.32, which indicates that the company has $2.32 in current assets for every $1 in current liabilities.

Compared to the previous year, the current ratio has decreased slightly from 2.43 in 2022 to 2.32 in 2023. Although this decrease may raise some concerns about the company's liquidity position, a current ratio of 2.32 still suggests that Teleflex has a strong ability to meet its short-term financial obligations.

Looking back at the trend over the past five years, the current ratio peaked at 2.63 in 2020 and hit a low of 2.10 in 2021, indicating some variability in the company's liquidity position. Despite these fluctuations, Teleflex has generally maintained a current ratio above 2, which is considered a healthy level for most industries.

Overall, while the recent decrease in the current ratio raises some attention, Teleflex Incorporated appears to have a satisfactory liquidity position based on its historical current ratio performance.