Teleflex Incorporated (TFX)

Current ratio

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Total current assets	US$ in thousands	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	1,306,330	1,237,610	1,245,140	1,182,610
Total current liabilities	US$ in thousands	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	563,055	530,363	493,892	520,916
Current ratio		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	2.32	2.33	2.52	2.27

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 fluctuation over the past eight quarters. In Q3 2023, the current ratio reached a high of 3.58, indicating that the company had $3.58 in current assets for every $1 of current liabilities. This suggests a strong liquidity position and ability to meet short-term obligations.

However, in Q2 2023 and Q1 2023, the current ratio decreased to 2.60 and 2.48 respectively, which could indicate a slight weakening in the company's liquidity position compared to the previous quarter.

Comparing the current ratios to the same quarters in the prior year (Q4 2022, Q3 2022, Q2 2022, Q1 2022), it is evident that Teleflex Incorporated has generally maintained a current ratio above 2.0, reflecting a healthy liquidity position over the past eight quarters.

Overall, while there have been fluctuations in the current ratio, Teleflex Incorporated has demonstrated the ability to effectively manage its short-term financial obligations and maintain a relatively stable liquidity position.