Zimvie Inc Stock Current Ratio

ZIMV Stock

USD 13.74 0.25 1.85%

ZimVie Inc fundamentals help investors to digest information that contributes to ZimVie's financial success or failures. It also enables traders to predict the movement of ZimVie Stock. The fundamental analysis module provides a way to measure ZimVie's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to ZimVie stock.

		Last Reported	Projected for Next Year
	Current Ratio	2.78	2.10

Current Ratio is likely to drop to 2.10 in 2024.

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ZimVie Inc Company Current Ratio Analysis

ZimVie's Current Ratio is calculated by dividing the Current Assets of a company by its Current Liabilities. It measures whether or not a company has enough cash or liquid assets to pay its current liability over the next fiscal year. The ratio is regarded as a test of liquidity for a company.

Current Ratio

Current Asset

Current Liabilities

More About Current Ratio | All Equity Analysis

Current ZimVie Current Ratio

2.33 X

Most of ZimVie's fundamental indicators, such as Current Ratio, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, ZimVie Inc is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

ZimVie Current Ratio Driver Correlations

Understanding the fundamental principles of building solid financial models for ZimVie is extremely important. It helps to project a fair market value of ZimVie Stock properly, considering its historical fundamentals such as Current Ratio. Since ZimVie's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of ZimVie's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of ZimVie's interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Net Tangible Assets	Current Deferred Revenue	Net Debt	Accounts Payable	Long Term Debt	Net Receivables	Good Will	Total Liab	Net Invested Capital	Total Current Assets	Capital Stock	Net Working Capital	Short Term Debt	Intangible Assets	Common Stock	Property Plant Equipment	Short Long Term Debt	Retained Earnings	Capital Surpluse
Total Assets		0.98	-0.88	0.5	-0.88	0.95	-0.82	0.91	0.87	-0.81	1.0	0.6	0.94	0.47	0.61	0.97	0.94	0.96	0.79	0.84	0.79
Total Stockholder Equity	0.98		-0.87	0.45	-0.95	0.97	-0.77	0.94	0.84	-0.87	0.97	0.66	0.99	0.58	0.67	0.96	0.99	0.96	0.82	0.81	0.82
Net Tangible Assets	-0.88	-0.87		-0.2	0.87	-0.94	0.83	-0.96	-0.68	0.93	-0.87	-0.27	-0.9	-0.18	-0.68	-0.78	-0.9	-0.95	-0.47	-0.6	-0.47
Current Deferred Revenue	0.5	0.45	-0.2		-0.3	0.28	-0.09	0.2	0.2	-0.08	0.49	0.82	0.3	0.55	0.38	0.67	0.3	0.25	0.78	0.88	0.78
Net Debt	-0.88	-0.95	0.87	-0.3		-0.95	0.66	-0.94	-0.7	0.95	-0.87	-0.6	-0.98	-0.6	-0.7	-0.86	-0.98	-0.92	-0.73	-0.7	-0.73
Accounts Payable	0.95	0.97	-0.94	0.28	-0.95		-0.86	0.99	0.82	-0.93	0.95	0.48	0.99	0.4	0.71	0.89	0.99	0.99	0.68	0.69	0.68
Long Term Debt	-0.82	-0.77	0.83	-0.09	0.66	-0.86		-0.86	-0.82	0.7	-0.81	-0.16	-0.79	0.03	-0.59	-0.7	-0.79	-0.87	-0.41	-0.45	-0.41
Net Receivables	0.91	0.94	-0.96	0.2	-0.94	0.99	-0.86		0.77	-0.95	0.91	0.4	0.97	0.32	0.73	0.84	0.97	0.98	0.6	0.62	0.6
Good Will	0.87	0.84	-0.68	0.2	-0.7	0.82	-0.82	0.77		-0.65	0.88	0.39	0.82	0.38	0.27	0.77	0.82	0.85	0.61	0.57	0.61
Total Liab	-0.81	-0.87	0.93	-0.08	0.95	-0.93	0.7	-0.95	-0.65		-0.81	-0.33	-0.93	-0.37	-0.65	-0.73	-0.93	-0.93	-0.5	-0.52	-0.5
Net Invested Capital	1.0	0.97	-0.87	0.49	-0.87	0.95	-0.81	0.91	0.88	-0.81		0.59	0.94	0.47	0.58	0.96	0.94	0.96	0.78	0.83	0.78
Total Current Assets	0.6	0.66	-0.27	0.82	-0.6	0.48	-0.16	0.4	0.39	-0.33	0.59		0.56	0.87	0.51	0.78	0.56	0.42	0.96	0.86	0.96
Capital Stock	0.94	0.99	-0.9	0.3	-0.98	0.99	-0.79	0.97	0.82	-0.93	0.94	0.56		0.52	0.67	0.9	1.0	0.98	0.73	0.71	0.73
Net Working Capital	0.47	0.58	-0.18	0.55	-0.6	0.4	0.03	0.32	0.38	-0.37	0.47	0.87	0.52		0.22	0.61	0.52	0.36	0.82	0.66	0.82
Short Term Debt	0.61	0.67	-0.68	0.38	-0.7	0.71	-0.59	0.73	0.27	-0.65	0.58	0.51	0.67	0.22		0.68	0.67	0.63	0.58	0.57	0.58
Intangible Assets	0.97	0.96	-0.78	0.67	-0.86	0.89	-0.7	0.84	0.77	-0.73	0.96	0.78	0.9	0.61	0.68		0.9	0.87	0.91	0.94	0.91
Common Stock	0.94	0.99	-0.9	0.3	-0.98	0.99	-0.79	0.97	0.82	-0.93	0.94	0.56	1.0	0.52	0.67	0.9		0.98	0.73	0.71	0.73
Property Plant Equipment	0.96	0.96	-0.95	0.25	-0.92	0.99	-0.87	0.98	0.85	-0.93	0.96	0.42	0.98	0.36	0.63	0.87	0.98		0.63	0.67	0.63
Short Long Term Debt	0.79	0.82	-0.47	0.78	-0.73	0.68	-0.41	0.6	0.61	-0.5	0.78	0.96	0.73	0.82	0.58	0.91	0.73	0.63		0.92	1.0
Retained Earnings	0.84	0.81	-0.6	0.88	-0.7	0.69	-0.45	0.62	0.57	-0.52	0.83	0.86	0.71	0.66	0.57	0.94	0.71	0.67	0.92		0.92
Capital Surpluse	0.79	0.82	-0.47	0.78	-0.73	0.68	-0.41	0.6	0.61	-0.5	0.78	0.96	0.73	0.82	0.58	0.91	0.73	0.63	1.0	0.92

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ZimVie Current Ratio Historical Pattern

Today, most investors in ZimVie Stock are looking for potential investment opportunities by analyzing not only static indicators but also various ZimVie's growth ratios. Consistent increases or drops in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's current ratio growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of ZimVie current ratio as a starting point in their analysis.

ZimVie Current Ratio

Timeline

Typically, short-term creditors will prefer a high current ratio because it reduces their overall risk. However, investors may prefer a lower current ratio since they are more concerned about growing the business using assets of the company. Acceptable current ratios may vary from one sector to another, but the generally accepted benchmark is to have current assets at least as twice as current liabilities (i.e., Current Ration of 2 to 1).

Competition

Predict ZimVie

Current Ratio Over Time

ZimVie Price To Sales Ratio

Price To Sales Ratio

0.56

At this time, ZimVie's Price To Sales Ratio is fairly stable compared to the past year.

In accordance with the recently published financial statements, ZimVie Inc has a Current Ratio of 2.33 times. This is 19.93% lower than that of the Health Care Equipment & Supplies sector and 31.47% lower than that of the Health Care industry. The current ratio for all United States stocks is 7.87% lower than that of the firm.

ZimVie Current Ratio Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses ZimVie's direct or indirect competition against its Current Ratio to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of ZimVie could also be used in its relative valuation, which is a method of valuing ZimVie by comparing valuation metrics of similar companies.

ZimVie is currently under evaluation in current ratio category among its peers.

ZimVie ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, ZimVie's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to ZimVie's managers, analysts, and investors.

Environmental

Governance

Social

ZimVie Fundamentals

	Return On Equity	-0.0855
	Return On Asset	-0.005
	Profit Margin	(0.77) %
	Operating Margin	(0.03) %
	Current Valuation	546.6 M
	Shares Outstanding	27.6 M
	Shares Owned By Insiders	1.93 %
	Shares Owned By Institutions	91.93 %
	Number Of Shares Shorted	379.08 K
	Price To Book	0.93 X
	Price To Sales	0.84 X
	Revenue	457.43 M
	Gross Profit	613.08 M
	EBITDA	91.07 M
	Net Income	(393.28 M)
	Cash And Equivalents	130.05 M
	Cash Per Share	4.99 X
	Total Debt	521.93 M
	Debt To Equity	0.79 %
	Current Ratio	2.33 X
	Book Value Per Share	14.74 X
	Cash Flow From Operations	37.15 M
	Short Ratio	2.54 X
	Earnings Per Share	(1.77) X
	Target Price	20.37
	Number Of Employees	2.6 K
	Beta	2.0
	Market Capitalization	379.21 M
	Total Asset	1.21 B
	Retained Earnings	(440.81 M)
	Working Capital	309.26 M
	Net Asset	1.21 B

About ZimVie Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze ZimVie Inc's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of ZimVie using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of ZimVie Inc based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Please read more on our fundamental analysis page.

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Additional Tools for ZimVie Stock Analysis

When running ZimVie's price analysis, check to measure ZimVie's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy ZimVie is operating at the current time. Most of ZimVie's value examination focuses on studying past and present price action to predict the probability of ZimVie's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ZimVie's price. Additionally, you may evaluate how the addition of ZimVie to your portfolios can decrease your overall portfolio volatility.

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