Alkermes Plc (ALKS)

Current ratio

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Total current assets	US$ in thousands	1,415,360	1,564,180	1,542,190	1,468,820	1,485,510	1,464,780	1,397,350	1,110,060	1,130,310	1,053,800	1,045,990	1,014,830	1,062,170	1,053,010	1,037,760	1,006,010	1,110,970	1,024,940	947,359	912,584
Total current liabilities	US$ in thousands	465,199	453,705	515,549	458,977	520,220	503,107	487,185	492,910	497,742	469,555	438,518	462,361	471,286	452,984	383,442	365,842	438,258	378,151	321,414	339,849
Current ratio		3.04	3.45	2.99	3.20	2.86	2.91	2.87	2.25	2.27	2.24	2.39	2.19	2.25	2.32	2.71	2.75	2.53	2.71	2.95	2.69

December 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $1,415,360K ÷ $465,199K
= 3.04

The current ratio of Alkermes Plc has exhibited fluctuations over the periods analyzed. The ratio has generally remained above 2.0, indicating that the company has had a healthy level of current assets relative to its current liabilities.

It is noteworthy that the current ratio reached a peak of 3.45 as of September 30, 2024, suggesting a strong ability to cover short-term obligations with its current assets at that point in time. On the other hand, the lowest current ratio observed was 2.19 as of March 31, 2022, which still indicates good liquidity but a relatively lower cushion compared to the other periods.

Overall, the trend of the current ratio demonstrates a generally stable liquidity position for Alkermes Plc, with some variability in the short term. Investors and stakeholders may find the consistent levels of the current ratio above 2.0 reassuring in terms of the company’s ability to meet its short-term financial obligations.