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: 2025-12-31), 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


The current ratio exhibited a generally healthy pattern over the period from 2005 to 2025, indicating a consistent ability to cover short-term liabilities with short-term assets. However, the ratio experienced fluctuations throughout the analyzed timeframe.

Initial Period (2005-2007)
The current ratio began at 3.60 in 2005 and increased to 4.64 in 2006, demonstrating improved liquidity. It remained relatively stable at 4.63 in 2007, suggesting a sustained level of short-term financial health.
Fluctuations and Recovery (2008-2011)
A slight decrease to 4.28 was observed in 2008, followed by further declines to 4.18 and 4.18 in 2009. The ratio then began a recovery, rising to 4.66 in 2010 and holding at 4.57 in 2011. These fluctuations may reflect changes in working capital management or short-term financing strategies.
Peak and Subsequent Decline (2012-2014)
The current ratio reached a peak of 5.07 in 2012, indicating a strong liquidity position. However, a notable decline occurred in 2013 to 3.69, followed by a modest recovery to 4.46 in 2014. This decrease warrants further investigation into potential shifts in asset composition or liability structure.
Mid-Period Stability (2015-2017)
The ratio experienced a significant increase to 5.45 in 2015, followed by a decrease to 3.99 in 2017. This period demonstrates some volatility, but generally remains above the initial value from 2005.
Recent Trends (2018-2025)
From 2018 through 2025, the current ratio showed a more pronounced pattern of fluctuation. It increased to 5.28 in 2018, decreased to 4.53 in 2019, then experienced a substantial jump to 6.86 in 2020. Following this peak, the ratio decreased to 5.08 in 2021, 4.40 in 2022, 4.76 in 2023, and finally settled at 4.07 in 2024 before increasing to 4.87 in 2025. The large increase in 2020, followed by subsequent declines, suggests a possible strategic shift in asset or liability management, or a response to external economic factors.

Overall, the current ratio generally remained above 3.5 throughout the analyzed period, suggesting a comfortable margin of safety in meeting short-term obligations. However, the observed fluctuations, particularly in the later years, indicate a need for ongoing monitoring and analysis to understand the underlying drivers of these changes.


Comparison to Competitors

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

Microsoft Excel

Based on: 10-K (reporting date: 2025-12-31), 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: 2025-12-31), 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)