Dentsply Sirona Inc (XRAY)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,973,000 | 1,893,000 | 1,852,000 | 1,798,000 | 2,000,000 |
| Total current liabilities | US$ in thousands | 1,425,000 | 1,170,000 | 1,261,000 | 1,372,000 | 995,000 |
| Current ratio | 1.38 | 1.62 | 1.47 | 1.31 | 2.01 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,973,000K ÷ $1,425,000K
= 1.38
The current ratio of DENTSPLY Sirona Inc has fluctuated over the past five years, ranging from 1.36 to 2.01. A current ratio above 1 indicates that the company has more current assets than current liabilities, which generally signifies a healthy liquidity position.
In 2019, the company had a relatively high current ratio of 2.01, indicating a strong ability to cover its short-term obligations. However, the ratio decreased in the following years, reaching its lowest point in 2020 at 1.36. This could suggest a potential liquidity challenge or increased short-term liabilities during that period.
Subsequently, there was an improvement in the current ratio to 1.47 in 2021 and then a further increase to 1.62 in 2022, indicating a more favorable liquidity position. However, the ratio declined slightly to 1.38 in 2023, which could warrant further monitoring to ensure the company maintains an adequate ability to meet its short-term obligations.
Overall, while the current ratio of DENTSPLY Sirona Inc has shown variations over the years, it is important for investors and stakeholders to assess the company's liquidity position in conjunction with other financial metrics to gain a comprehensive understanding of its financial health.
Peer comparison
Dec 31, 2023