Thermo Fisher Scientific Inc (TMO)
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 | 24,589,000 | 23,092,000 | 19,995,000 | 20,209,000 | 25,229,000 | 19,299,000 | 18,100,000 | 18,776,000 | 20,113,000 | 24,724,000 | 19,260,000 | 17,685,000 | 21,957,000 | 18,234,000 | 15,775,000 | 12,738,000 | 11,893,000 | 10,514,000 | 11,223,000 | 9,939,000 |
| Total current liabilities | US$ in thousands | 14,012,000 | 14,158,000 | 14,112,000 | 15,884,000 | 17,010,000 | 11,118,000 | 10,997,000 | 12,070,000 | 13,436,000 | 7,753,000 | 6,925,000 | 6,995,000 | 10,304,000 | 6,228,000 | 6,013,000 | 5,500,000 | 6,197,000 | 5,844,000 | 7,509,000 | 5,898,000 |
| Current ratio | 1.75 | 1.63 | 1.42 | 1.27 | 1.48 | 1.74 | 1.65 | 1.56 | 1.50 | 3.19 | 2.78 | 2.53 | 2.13 | 2.93 | 2.62 | 2.32 | 1.92 | 1.80 | 1.49 | 1.69 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $24,589,000K ÷ $14,012,000K
= 1.75
Thermo Fisher Scientific Inc.'s current ratio has fluctuated over the quarters presented in the table. The current ratio measures the company's ability to meet its short-term obligations with its current assets.
In Q4 2023, the current ratio stands at 1.75, showing that the company has $1.75 in current assets to cover every $1 in current liabilities. This represents an improvement from the two previous quarters where the current ratio was 1.63 and 1.42 in Q3 and Q2 2023, respectively.
Comparing the current ratio to the same period in the prior year, Thermo Fisher Scientific Inc.'s current ratio in Q4 2023 is slightly higher than Q4 2022 when it was 1.48. This indicates an enhanced liquidity position, as the company has increased its ability to cover short-term obligations.
It is important to note that the current ratio fluctuated throughout the quarters, indicating potential variability in the company's liquidity position. However, overall, a current ratio above 1.0 suggests that Thermo Fisher Scientific Inc. has more current assets than current liabilities, which is generally considered a healthy sign in terms of short-term financial stability.
Peer comparison
Dec 31, 2023