Thermo Fisher Scientific Inc (TMO)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 22,137,000 | 24,589,000 | 25,229,000 | 20,113,000 | 21,957,000 |
| Total current liabilities | US$ in thousands | 13,332,000 | 14,012,000 | 17,010,000 | 13,436,000 | 10,304,000 |
| Current ratio | 1.66 | 1.75 | 1.48 | 1.50 | 2.13 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $22,137,000K ÷ $13,332,000K
= 1.66
Thermo Fisher Scientific Inc's current ratio has exhibited fluctuations over the past five years. Starting at 2.13 in December 31, 2020, the ratio declined to 1.50 by December 31, 2021, indicating a decrease in short-term liquidity. This downward trend continued in December 31, 2022 with a ratio of 1.48 and remained relatively low at 1.75 in December 31, 2023. However, there was a slight improvement as of December 31, 2024, with the current ratio rising to 1.66.
The current ratio measures the company's ability to meet its short-term obligations, with a ratio above 1 indicating the company has more current assets than current liabilities. Thermo Fisher's current ratio fluctuation suggests varying levels of liquidity and ability to cover short-term debts over the five-year period, which may impact its financial stability and operational flexibility. Additional analysis of the components contributing to current assets and liabilities would provide further insights into the company's liquidity position.
Peer comparison
Dec 31, 2024