Vericel Corp Ord (VCEL)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 205,631 | 186,866 | 158,462 | 123,560 | 111,655 |
| Total current liabilities | US$ in thousands | 45,749 | 37,463 | 26,052 | 22,483 | 19,795 |
| Current ratio | 4.49 | 4.99 | 6.08 | 5.50 | 5.64 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $205,631K ÷ $45,749K
= 4.49
Vericel Corp's current ratio has shown a declining trend over the past five years, dropping from 5.64 in 2019 to 4.49 in 2023. This indicates that the company's current assets may not be as sufficient relative to its current liabilities in recent years. While the current ratio remains above 1, implying that the company can cover its short-term obligations, the decreasing trend suggests a potential liquidity risk to monitor. Vericel Corp should aim to maintain a healthy balance between its current assets and liabilities to ensure efficient short-term financial health and sustainability.
Peer comparison
Dec 31, 2023