Teleflex Incorporated (TFX)

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	1,471,120	1,499,300	1,438,090	1,433,610	1,407,410	2,097,270	1,445,800	1,428,050	1,410,980	1,459,380	1,385,340	1,494,200	1,429,120	1,541,840	1,437,230	1,378,780	1,422,420	1,420,560	1,544,620	1,446,790
Total current liabilities	US$ in thousands	649,360	618,753	556,751	571,014	606,745	585,422	555,449	575,712	581,492	610,943	610,446	656,200	680,119	562,210	526,848	508,053	540,027	475,247	456,615	402,300
Current ratio		2.27	2.42	2.58	2.51	2.32	3.58	2.60	2.48	2.43	2.39	2.27	2.28	2.10	2.74	2.73	2.71	2.63	2.99	3.38	3.60

December 31, 2024 calculation

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

The current ratio of Teleflex Incorporated has shown some fluctuations over the past few years. From March 31, 2020, to December 31, 2022, the ratio has ranged between 2.10 and 3.60, indicating a strong liquidity position during this period. However, there was a notable decline in the current ratio in the following quarters, reaching a low of 2.10 by December 31, 2022.

Subsequently, there were some improvements in the current ratio, reaching 3.58 by September 30, 2023, before decreasing again to 2.27 by December 31, 2024. Overall, while the current ratio has shown some variability, it has generally remained above 2.0, suggesting that Teleflex Incorporated has had more than enough current assets to cover its short-term liabilities during most of the periods analyzed. However, the recent decline in the ratio may warrant further investigation into the company's liquidity position and management of current assets and liabilities.