TransMedics Group Inc (TMDX)

Current ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Total current assets	US$ in thousands	510,654	252,294	118,705	146,766	100,001
Total current liabilities	US$ in thousands	54,934	23,661	23,238	11,879	16,115
Current ratio		9.30	10.66	5.11	12.36	6.21

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $510,654K ÷ $54,934K
= 9.30

The current ratio of TransMedics Group Inc has fluctuated over the past five years. As of December 31, 2023, the company's current ratio stands at 9.30, indicating that the firm has $9.30 in current assets for every $1 of current liabilities. This suggests that TransMedics is well positioned to cover its short-term obligations.

Compared to the previous year, there has been a slight decrease in the current ratio from 10.66 in 2022 to 9.30 in 2023. However, the current ratio remains at a relatively high level, signaling solid liquidity and financial health. It is worth noting that the current ratio peaked at 12.36 in 2020 and hit its lowest point at 5.11 in 2021, reflecting fluctuations in the company's liquidity position over the years.

Overall, the current ratio trend of TransMedics Group Inc indicates that the company has maintained a strong ability to meet its short-term obligations, although there have been some fluctuations in liquidity levels over the past five years. It is important for stakeholders to continue monitoring the current ratio in conjunction with other financial metrics to assess the company's overall financial performance and liquidity position.