Zimmer Biomet Holdings Inc (ZBH)

Current ratio

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Total current assets	US$ in thousands	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	4,723,900	4,401,500	4,391,200	4,499,200
Total current liabilities	US$ in thousands	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	3,441,500	3,773,900	3,677,800	2,255,000
Current ratio		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	1.37	1.17	1.19	2.00

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $4,609,500K ÷ $2,857,400K
= 1.61

Zimmer Biomet Holdings Inc's current ratio for the most recent quarter was 1.61, which indicates that the company had $1.61 in current assets for every $1 in current liabilities. The current ratio has fluctuated over the past eight quarters, ranging from a low of 1.61 to a high of 2.11.

A current ratio above 1 suggests that Zimmer Biomet Holdings Inc has more than enough current assets to cover its short-term obligations. A higher current ratio, such as the one observed in Q3 2023, indicates improved liquidity and a stronger ability to meet its short-term financial commitments.

However, the current ratio decreased in Q4 2023 compared to the previous quarter, which could potentially signal a decrease in liquidity or an increase in short-term liabilities. It is important to monitor the current ratio over time to assess Zimmer Biomet Holdings Inc's ability to manage its short-term financial obligations effectively.