Teleflex Incorporated (TFX)

Current ratio

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Total current assets	US$ in thousands	1,471,120	1,407,410	1,410,980	1,429,120	1,422,420
Total current liabilities	US$ in thousands	649,360	606,745	581,492	680,119	540,027
Current ratio		2.27	2.32	2.43	2.10	2.63

December 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $1,471,120K ÷ $649,360K
= 2.27

Teleflex Incorporated's current ratio has shown some fluctuations over the past five years. The current ratio decreased from 2.63 in December 31, 2020, to 2.10 in December 31, 2021, indicating that in 2021, the company had a lower ability to cover its short-term obligations with its current assets.

However, the current ratio improved in the following years, reaching 2.43 in December 31, 2022, 2.32 in December 31, 2023, and 2.27 in December 31, 2024. These increases suggest that Teleflex Incorporated enhanced its liquidity position, having a higher ability to meet its short-term financial obligations in those years compared to 2021.

Overall, despite the initial decrease in 2021, the current ratio trended positively in the subsequent years, which is a favorable indication of the company's ability to manage its short-term liquidity effectively.