Vericel Corp Ord (VCEL)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 212,777 | 205,631 | 186,866 | 158,462 | 123,560 |
| Total current liabilities | US$ in thousands | 50,286 | 45,749 | 37,463 | 26,052 | 22,483 |
| Current ratio | 4.23 | 4.49 | 4.99 | 6.08 | 5.50 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $212,777K ÷ $50,286K
= 4.23
Vericel Corp Ord's current ratio has shown a generally positive trend from 2020 to 2021, increasing from 5.50 to 6.08. This indicates the company's ability to cover its short-term liabilities with its current assets improved significantly over this period. However, in the following years, the current ratio decreased to 4.99 in 2022, 4.49 in 2023, and 4.23 in 2024, signaling a decline in liquidity. While the current ratio still remains above 1, suggesting that Vericel Corp Ord can meet its short-term obligations, the decreasing trend may raise concerns about the company's ability to manage its current liabilities effectively in the long term. Further analysis of the company's financial health and operational efficiency is recommended to understand the factors contributing to this changing trend.
Peer comparison
Dec 31, 2024