Zimmer Biomet Holdings Inc (ZBH)
Current ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 4,671,500 | 4,864,000 | 4,639,400 | 4,631,500 | 4,609,500 | 4,372,000 | 4,387,900 | 4,411,900 | 4,427,300 | 4,534,400 | 4,462,900 | 4,516,800 | 4,885,000 | 5,312,400 | 5,356,800 | 5,000,100 | 5,083,300 | 5,152,600 | 4,706,800 | 6,370,900 |
| Total current liabilities | US$ in thousands | 2,450,900 | 3,571,300 | 3,608,400 | 2,797,000 | 2,857,400 | 2,071,500 | 2,233,700 | 2,335,900 | 2,358,200 | 2,295,700 | 2,463,600 | 2,674,100 | 3,467,900 | 2,939,100 | 2,928,500 | 2,089,400 | 2,556,900 | 2,266,200 | 2,161,200 | 3,779,600 |
| Current ratio | 1.91 | 1.36 | 1.29 | 1.66 | 1.61 | 2.11 | 1.96 | 1.89 | 1.88 | 1.98 | 1.81 | 1.69 | 1.41 | 1.81 | 1.83 | 2.39 | 1.99 | 2.27 | 2.18 | 1.69 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $4,671,500K ÷ $2,450,900K
= 1.91
The current ratio of Zimmer Biomet Holdings Inc has shown fluctuations over the periods analyzed. Generally, a current ratio above 1 indicates that the company has more current assets than current liabilities, which is considered a positive indication of the company's short-term liquidity.
Looking at the data provided, the company's current ratio ranged between 1.29 and 2.39 during the periods from March 31, 2020, to December 31, 2024. The highest current ratio of 2.39 was observed on March 31, 2021, indicating a strong ability to cover its short-term obligations with current assets at that point.
However, there were some periods where the current ratio dropped below 1.5, such as on June 30, 2024, which could suggest potential liquidity issues if the trend persists. Overall, while the company has shown fluctuations in its current ratio, it is crucial to closely monitor this ratio to ensure that Zimmer Biomet Holdings Inc maintains a healthy level of liquidity to meet its short-term obligations.
Peer comparison
Dec 31, 2024