Zimmer Biomet Holdings Inc (ZBH)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 4,609,500 | 4,427,300 | 4,885,000 | 5,083,300 | 4,723,900 |
| Total current liabilities | US$ in thousands | 2,857,400 | 2,358,200 | 3,467,900 | 2,556,900 | 3,441,500 |
| Current ratio | 1.61 | 1.88 | 1.41 | 1.99 | 1.37 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $4,609,500K ÷ $2,857,400K
= 1.61
The current ratio of Zimmer Biomet Holdings Inc has shown fluctuations over the past five years, ranging from 1.37 in 2019 to 1.99 in 2020. In the most recent year, as of December 31, 2023, the current ratio stands at 1.61. This indicates that the company's current assets are 1.61 times greater than its current liabilities, suggesting a moderate liquidity position. However, the current ratio has decreased compared to the preceding year, reflecting a potential decrease in the company's ability to cover its short-term obligations with its current assets. Further analysis of the individual components of current assets and liabilities would provide deeper insights into the company's liquidity management and financial health.
Peer comparison
Dec 31, 2023