USANA Health Sciences Inc (USNA)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 417,746 | 384,382 | 365,117 | 425,286 | 329,279 |
| Total current liabilities | US$ in thousands | 118,845 | 143,833 | 160,790 | 168,073 | 136,098 |
| Current ratio | 3.52 | 2.67 | 2.27 | 2.53 | 2.42 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $417,746K ÷ $118,845K
= 3.52
The current ratio of USANA Health Sciences Inc has shown a consistently positive trend over the past five years, indicating a strong ability to meet its short-term obligations with its current assets. The ratio has steadily increased from 2.42 in 2019 to 3.52 in 2023, reflecting an improvement in liquidity and financial health. This suggests the company has a comfortable margin of safety to cover its current liabilities with its current assets. The increasing current ratio over the years indicates a strong financial position and efficient management of working capital by USANA Health Sciences Inc.