Stock Analysis on Net

Intuitive Surgical Inc. (NASDAQ:ISRG)

Analysis of Liquidity Ratios

Microsoft Excel

Liquidity Ratios (Summary)

Intuitive Surgical Inc., liquidity ratios

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Current ratio 4.07 4.76 4.40 5.08 6.86
Quick ratio 3.00 3.83 3.56 4.34 5.96
Cash ratio 2.30 3.15 2.90 3.66 5.30

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).

Liquidity ratio Description The company
Current ratio A liquidity ratio calculated as current assets divided by current liabilities. Intuitive Surgical Inc. current ratio improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024.
Quick ratio A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. Intuitive Surgical Inc. quick ratio improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024.
Cash ratio A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. Intuitive Surgical Inc. cash ratio improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024.

Current Ratio

Intuitive Surgical Inc., current ratio calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Selected Financial Data (US$ in thousands)
Current assets 7,111,000 7,888,000 6,253,000 5,844,900 6,625,900
Current liabilities 1,745,300 1,658,700 1,422,100 1,149,800 965,200
Liquidity Ratio
Current ratio1 4.07 4.76 4.40 5.08 6.86
Benchmarks
Current Ratio, Competitors2
Abbott Laboratories 1.67 1.64 1.63 1.85 1.72
Cigna Group 0.84 0.77 0.73 0.83 0.77
CVS Health Corp. 0.81 0.86 0.94 0.88 0.91
Elevance Health Inc. 1.45 1.44 1.40 1.47 1.55
Medtronic PLC 2.03 2.39 1.86 2.65 2.13
UnitedHealth Group Inc. 0.83 0.79 0.77 0.79 0.74
Current Ratio, Sector
Health Care Equipment & Services 1.00 1.01 1.02 1.06 1.04
Current Ratio, Industry
Health Care 1.11 1.13 1.15 1.21 1.20

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).

1 2024 Calculation
Current ratio = Current assets ÷ Current liabilities
= 7,111,000 ÷ 1,745,300 = 4.07

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. Intuitive Surgical Inc. current ratio improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024.

Quick Ratio

Intuitive Surgical Inc., quick ratio calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Selected Financial Data (US$ in thousands)
Cash and cash equivalents 2,027,400 2,750,100 1,581,200 1,290,900 1,622,600
Short-term investments 1,985,900 2,473,100 2,536,700 2,913,100 3,488,800
Accounts receivable, net of allowances 1,225,400 1,130,200 942,100 782,700 645,500
Total quick assets 5,238,700 6,353,400 5,060,000 4,986,700 5,756,900
 
Current liabilities 1,745,300 1,658,700 1,422,100 1,149,800 965,200
Liquidity Ratio
Quick ratio1 3.00 3.83 3.56 4.34 5.96
Benchmarks
Quick Ratio, Competitors2
Abbott Laboratories 1.05 1.00 1.06 1.28 1.14
Cigna Group 0.56 0.54 0.58 0.48 0.66
CVS Health Corp. 0.56 0.59 0.62 0.55 0.53
Elevance Health Inc. 1.32 1.30 1.27 1.33 1.42
Medtronic PLC 1.31 1.54 1.30 1.91 1.50
UnitedHealth Group Inc. 0.75 0.73 0.70 0.72 0.68
Quick Ratio, Sector
Health Care Equipment & Services 0.78 0.80 0.81 0.80 0.82
Quick Ratio, Industry
Health Care 0.80 0.82 0.86 0.89 0.89

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).

1 2024 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 5,238,700 ÷ 1,745,300 = 3.00

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. Intuitive Surgical Inc. quick ratio improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024.

Cash Ratio

Intuitive Surgical Inc., cash ratio calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Selected Financial Data (US$ in thousands)
Cash and cash equivalents 2,027,400 2,750,100 1,581,200 1,290,900 1,622,600
Short-term investments 1,985,900 2,473,100 2,536,700 2,913,100 3,488,800
Total cash assets 4,013,300 5,223,200 4,117,900 4,204,000 5,111,400
 
Current liabilities 1,745,300 1,658,700 1,422,100 1,149,800 965,200
Liquidity Ratio
Cash ratio1 2.30 3.15 2.90 3.66 5.30
Benchmarks
Cash Ratio, Competitors2
Abbott Laboratories 0.56 0.53 0.66 0.78 0.60
Cigna Group 0.14 0.18 0.17 0.14 0.32
CVS Health Corp. 0.13 0.14 0.23 0.18 0.18
Elevance Health Inc. 0.85 0.87 0.86 0.95 1.04
Medtronic PLC 0.74 0.88 0.85 1.27 1.06
UnitedHealth Group Inc. 0.28 0.34 0.36 0.36 0.33
Cash Ratio, Sector
Health Care Equipment & Services 0.33 0.38 0.42 0.43 0.45
Cash Ratio, Industry
Health Care 0.38 0.42 0.47 0.50 0.51

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).

1 2024 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 4,013,300 ÷ 1,745,300 = 2.30

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. Intuitive Surgical Inc. cash ratio improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024.