Stock Analysis on Net

Intuitive Surgical Inc. (NASDAQ:ISRG)

$24.99

Current Ratio
since 2005

Microsoft Excel

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Calculation

Intuitive Surgical Inc., current ratio, long-term trends, calculation

Microsoft Excel

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

1 US$ in thousands


Current Assets
Current assets demonstrate a consistent upward trend from 2005 through 2024, increasing from approximately $209 million in 2005 to a peak of around $7.89 billion in 2023 before slightly declining to about $7.11 billion in 2024. This increase indicates significant growth in liquid assets over the period, with some volatility notably between 2013 and 2016 and substantial growth especially post-2014. The peak in 2023 represents the highest level of current assets recorded in the timeframe.
Current Liabilities
Current liabilities also rise steadily over the same period, growing from about $58 million in 2005 to around $1.75 billion by 2024. The growth is fairly consistent, with liabilities increasing almost every year, reflecting a growing scale of operations or increased short-term obligations. The growth in liabilities appears proportionate to the rise in current assets, suggesting a balanced expansion in working capital demands.
Current Ratio
The current ratio fluctuates moderately over the years, starting at 3.6 in 2005 and frequently oscillating between approximately 3.6 and 6.9 through the period. Peaks occur notably in 2016 (5.45), 2018 (5.28), and 2020 (6.86), indicating periods where current assets significantly exceeded current liabilities, suggesting strong short-term liquidity. However, there are declines to near 4.0 in several years, showing some variability but maintaining a comfortable margin above the critical threshold of 1.0. The ratio at the end of the period (2024) settles near 4.07, pointing to continued strong liquidity, albeit slightly reduced from recent highs.
Summary
Overall, the data reveal sustained growth in both current assets and current liabilities, commensurate with expansion in business scale or activity. The current ratio indicates robust liquidity management, with sufficient current assets to cover obligations multiple times over throughout the period. The observed fluctuations in the current ratio suggest that while liquidity remains strong, the company actively manages its working capital position to balance operational needs and financial stability.

Comparison to Competitors

Intuitive Surgical Inc., current ratio, long-term trends, comparison to competitors

Microsoft Excel

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).


Comparison to Sector (Health Care Equipment & Services)

Intuitive Surgical Inc., current ratio, long-term trends, comparison to sector (health care equipment & services)

Microsoft Excel

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).


Comparison to Industry (Health Care)