USANA Health Sciences Inc (USNA)

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	417,746	390,460	387,646	395,878	384,382	341,154	342,004	363,785	365,117	368,425	381,506	373,180	425,286	386,032	324,949	286,763	329,279	282,978	348,783	370,179
Total current liabilities	US$ in thousands	118,845	112,559	113,839	130,222	143,833	125,846	133,594	157,967	160,790	157,964	153,000	151,452	168,073	160,863	139,717	124,504	136,098	129,646	128,759	129,992
Current ratio		3.52	3.47	3.41	3.04	2.67	2.71	2.56	2.30	2.27	2.33	2.49	2.46	2.53	2.40	2.33	2.30	2.42	2.18	2.71	2.85

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 exhibited a positive trend over the past several quarters, indicating a strong ability to meet its short-term obligations with its current assets. The company's current ratio has consistently improved from 2.18 in March 2019 to 3.52 in December 2023, reflecting an increasing liquidity position.

USANA's current ratio has remained above 2, which is generally considered a healthy benchmark for most companies. This indicates that USANA has more than enough current assets to cover its current liabilities, providing a cushion for short-term financial obligations.

The recent current ratio of 3.52 as of December 31, 2023, indicates that USANA Health Sciences Inc had $3.52 in current assets for every $1 in current liabilities. This high current ratio suggests that the company is in a strong financial position and is well-equipped to handle any short-term financial challenges that may arise.

Overall, the improving trend in USANA Health Sciences Inc's current ratio reflects positively on the company's liquidity and ability to manage its short-term financial obligations.