TransMedics Group Inc (TMDX)

Current ratio

		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	Dec 31, 2019
Total current assets	US$ in thousands	492,475	509,265	488,306	510,654	536,724	662,655	261,730	252,294	250,586	95,113	105,795	118,705	125,577	135,052	140,543	146,766	154,126	158,227	91,704	100,001
Total current liabilities	US$ in thousands	60,048	54,329	50,223	54,934	49,101	32,017	28,635	23,661	20,689	22,741	20,256	23,238	15,923	15,079	11,757	11,879	13,624	13,818	15,039	16,115
Current ratio		8.20	9.37	9.72	9.30	10.93	20.70	9.14	10.66	12.11	4.18	5.22	5.11	7.89	8.96	11.95	12.36	11.31	11.45	6.10	6.21

September 30, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $492,475K ÷ $60,048K
= 8.20

The current ratio of TransMedics Group Inc has shown some fluctuations over the past quarters. The current ratio measures the company's ability to meet its short-term obligations with its current assets. A higher current ratio indicates that the company has more current assets relative to its current liabilities.

From the data provided, the current ratio has generally been above 1, indicating that the company has been able to cover its short-term obligations with its current assets. The current ratio has varied significantly, ranging from as low as 4.18 to as high as 20.70.

In the most recent quarter, as of September 30, 2024, the current ratio was 8.20, which suggests that the company had sufficient current assets to cover its short-term liabilities. However, compared to the previous quarter's ratio of 9.37, there was a slight decrease in liquidity.

It is important to note that a very high current ratio, such as the one seen in June 30, 2023, could indicate an inefficient use of assets or an excess of idle current assets. On the other hand, a low current ratio, like the one seen in March 31, 2022, may signal potential liquidity issues or problems meeting short-term obligations.

Overall, TransMedics Group Inc's current ratio has shown variability over time, and it is essential for stakeholders to monitor this ratio along with other financial metrics to assess the company's liquidity position accurately.