Alkermes Plc (ALKS)

Quick 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
Cash US$ in thousands 291,146 396,293 535,150 420,753 457,469 647,711 665,795 321,401 292,473 263,957 254,646 282,557 337,544 310,444 258,341 205,028 272,961 240,866 189,002 176,067
Short-term investments US$ in thousands 460,522 512,571 340,967 324,295 316,022 241,439 163,254 279,058 315,992 316,225 326,321 246,315 198,767 249,856 280,004 335,967 362,066 328,516 343,561 319,927
Receivables US$ in thousands 384,528 367,211 366,415 315,848 332,477 337,697 334,478 269,178 287,967 257,173 245,840 249,942 313,193 289,160 297,357 243,514 275,143 265,644 237,393 246,716
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
Quick ratio 2.44 2.81 2.41 2.31 2.13 2.44 2.39 1.76 1.80 1.78 1.89 1.68 1.80 1.88 2.18 2.14 2.08 2.21 2.40 2.19

December 31, 2024 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($291,146K + $460,522K + $384,528K) ÷ $465,199K
= 2.44

The quick ratio of Alkermes Plc has shown fluctuations over the past few years, ranging between 1.68 and 2.81. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets. A quick ratio above 1 indicates that the company has enough liquid assets to cover its current liabilities.

In the most recent period ending December 31, 2024, the quick ratio was at 2.44, which suggests that Alkermes Plc has a comfortable level of liquid assets to cover its short-term liabilities. This indicates a strong liquidity position for the company at the end of 2024.

However, it's important to note that the quick ratio has fluctuated over the years, showing a downward trend from a high of 2.81 in September 30, 2024, to 2.44 in December 31, 2024. This may indicate changes in the company's ability to quickly convert its current assets into cash to meet its short-term obligations.

Overall, the quick ratio provides insights into Alkermes Plc's short-term liquidity position and its ability to manage its current financial obligations effectively.