Stock Analysis on Net

Stryker Corp. (NYSE:SYK)

This company has been moved to the archive! The financial data has not been updated since April 29, 2022.

Analysis of Liquidity Ratios 

Microsoft Excel LibreOffice Calc

Liquidity Ratios (Summary)

Stryker Corp., liquidity ratios

Microsoft Excel LibreOffice Calc
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Current ratio 2.20 1.93 2.58 2.02 2.29
Quick ratio 1.33 1.14 1.66 1.25 1.43
Cash ratio 0.66 0.60 1.01 0.77 0.80

Based on: 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).

Liquidity ratio Description The company
Current ratio A liquidity ratio calculated as current assets divided by current liabilities. Stryker Corp. current ratio deteriorated from 2019 to 2020 but then slightly improved from 2020 to 2021.
Quick ratio A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. Stryker Corp. quick ratio deteriorated from 2019 to 2020 but then slightly improved from 2020 to 2021.
Cash ratio A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. Stryker Corp. cash ratio deteriorated from 2019 to 2020 but then slightly improved from 2020 to 2021.

Current Ratio

Stryker Corp., current ratio calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Selected Financial Data (US$ in millions)
Current assets 10,017  9,707  11,360  9,733  7,993 
Current liabilities 4,549  5,041  4,400  4,807  3,485 
Liquidity Ratio
Current ratio1 2.20 1.93 2.58 2.02 2.29
Benchmarks
Current Ratio, Competitors2
Abbott Laboratories 1.85 1.72 1.44 1.62 2.26
Anthem Inc. 1.47 1.55 1.65 1.56 1.55
Bristol-Myers Squibb Co. 1.52 1.58 1.60 1.61 1.55
CVS Health Corp. 0.88 0.91 0.94 1.03 1.02
Danaher Corp. 1.43 1.86 5.19 1.47 1.43
Intuitive Surgical Inc. 5.08 6.86 4.53 5.28 3.99
Medtronic PLC 2.65 2.13 2.59 2.28 1.75
UnitedHealth Group Inc. 0.79 0.74 0.69 0.73 0.73
Current Ratio, Sector
Health Care Equipment & Services 1.16 1.17 1.26 1.19 1.22
Current Ratio, Industry
Health Care 1.24 1.23 1.39 1.45 1.48

Based on: 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).

1 2021 Calculation
Current ratio = Current assets ÷ Current liabilities
= 10,017 ÷ 4,549 = 2.20

2 Click competitor name to see calculations.

Liquidity ratio Description The company
Current ratio A liquidity ratio calculated as current assets divided by current liabilities. Stryker Corp. current ratio deteriorated from 2019 to 2020 but then slightly improved from 2020 to 2021.

Quick Ratio

Stryker Corp., quick ratio calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Selected Financial Data (US$ in millions)
Cash and cash equivalents 2,944  2,943  4,337  3,616  2,542 
Marketable securities 75  81  88  83  251 
Accounts receivable, less allowance 3,022  2,701  2,893  2,332  2,198 
Total quick assets 6,041  5,725  7,318  6,031  4,991 
 
Current liabilities 4,549  5,041  4,400  4,807  3,485 
Liquidity Ratio
Quick ratio1 1.33 1.14 1.66 1.25 1.43
Benchmarks
Quick Ratio, Competitors2
Abbott Laboratories 1.28 1.14 0.88 1.03 1.67
Anthem Inc. 1.33 1.42 1.52 1.44 1.42
Bristol-Myers Squibb Co. 1.20 1.28 1.26 1.37 1.30
CVS Health Corp. 0.55 0.53 0.52 0.55 0.49
Danaher Corp. 0.89 1.36 4.68 0.88 0.87
Intuitive Surgical Inc. 4.34 5.96 3.75 4.56 3.51
Medtronic PLC 1.91 1.50 1.90 1.71 1.36
UnitedHealth Group Inc. 0.72 0.68 0.63 0.67 0.68
Quick Ratio, Sector
Health Care Equipment & Services 0.90 0.90 0.98 0.91 0.95
Quick Ratio, Industry
Health Care 0.93 0.90 1.06 1.08 1.14

Based on: 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).

1 2021 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 6,041 ÷ 4,549 = 1.33

2 Click competitor name to see calculations.

Liquidity ratio Description The company
Quick ratio A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. Stryker Corp. quick ratio deteriorated from 2019 to 2020 but then slightly improved from 2020 to 2021.

Cash Ratio

Stryker Corp., cash ratio calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Selected Financial Data (US$ in millions)
Cash and cash equivalents 2,944  2,943  4,337  3,616  2,542 
Marketable securities 75  81  88  83  251 
Total cash assets 3,019  3,024  4,425  3,699  2,793 
 
Current liabilities 4,549  5,041  4,400  4,807  3,485 
Liquidity Ratio
Cash ratio1 0.66 0.60 1.01 0.77 0.80
Benchmarks
Cash Ratio, Competitors2
Abbott Laboratories 0.78 0.60 0.38 0.45 1.08
Anthem Inc. 0.95 1.04 1.08 1.01 1.05
Bristol-Myers Squibb Co. 0.78 0.83 0.84 0.83 0.71
CVS Health Corp. 0.18 0.18 0.15 0.15 0.06
Danaher Corp. 0.32 0.82 4.04 0.16 0.13
Intuitive Surgical Inc. 3.66 5.30 3.13 3.73 2.78
Medtronic PLC 1.27 1.06 1.16 1.11 0.96
UnitedHealth Group Inc. 0.36 0.33 0.28 0.33 0.37
Cash Ratio, Sector
Health Care Equipment & Services 0.51 0.52 0.57 0.48 0.54
Cash Ratio, Industry
Health Care 0.54 0.52 0.67 0.68 0.75

Based on: 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).

1 2021 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 3,019 ÷ 4,549 = 0.66

2 Click competitor name to see calculations.

Liquidity ratio Description The company
Cash ratio A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. Stryker Corp. cash ratio deteriorated from 2019 to 2020 but then slightly improved from 2020 to 2021.