Viatris Inc (VTRS)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 9,520,700 | 12,976,100 | 10,635,400 | 10,902,900 | 12,867,500 |
| Total current liabilities | US$ in thousands | 5,779,400 | 7,777,400 | 6,746,200 | 9,884,400 | 10,562,900 |
| Current ratio | 1.65 | 1.67 | 1.58 | 1.10 | 1.22 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $9,520,700K ÷ $5,779,400K
= 1.65
Based on the data provided, the current ratio of Viatris Inc has fluctuated over the past five years. As of December 31, 2020, the current ratio was 1.22, indicating that the company had $1.22 in current assets for every $1 in current liabilities.
However, by December 31, 2021, the current ratio had decreased to 1.10, suggesting a tighter liquidity position compared to the previous year. This could indicate potential difficulties in meeting short-term obligations.
The year-end current ratio improved significantly by December 31, 2022, reaching 1.58, and further increased to 1.67 by December 31, 2023. These higher ratios indicate improved liquidity and the company's ability to cover short-term liabilities with its current assets more comfortably.
By the end of December 31, 2024, the current ratio slightly decreased to 1.65, but still remained at a healthy level overall. It is important for investors and analysts to monitor the current ratio over time to assess the company's short-term liquidity and financial health.
Peer comparison
Dec 31, 2024