Amgen Inc (AMGN)
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 | 11,973,000 | 9,011,000 | 9,301,000 | 9,708,000 | 10,944,000 | 34,741,000 | 34,248,000 | 31,560,000 | 7,629,000 | 9,502,000 | 5,203,000 | 6,528,000 | 7,989,000 | 11,969,000 | 6,630,000 | 6,112,000 | 6,266,000 | 9,087,000 | 9,145,000 | 7,687,000 |
| Short-term investments | US$ in thousands | — | — | — | — | 10,944,000 | 0 | 0 | 1,000 | 1,676,000 | 1,976,000 | 1,980,000 | 16,000 | 48,000 | 952,000 | 1,452,000 | 4,454,000 | 4,381,000 | 3,273,000 | 2,276,000 | 325,000 |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 23,099,000 | 20,312,000 | 21,517,000 | 19,714,000 | 18,392,000 | 16,954,000 | 17,097,000 | 14,215,000 | 15,687,000 | 14,331,000 | 12,618,000 | 12,886,000 | 12,184,000 | 14,842,000 | 14,585,000 | 12,869,000 | 11,653,000 | 9,953,000 | 10,523,000 | 11,827,000 |
| Quick ratio | 0.52 | 0.44 | 0.43 | 0.49 | 1.19 | 2.05 | 2.00 | 2.22 | 0.59 | 0.80 | 0.57 | 0.51 | 0.66 | 0.87 | 0.55 | 0.82 | 0.91 | 1.24 | 1.09 | 0.68 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($11,973,000K
+ $—K
+ $—K)
÷ $23,099,000K
= 0.52
The quick ratio of Amgen Inc, which measures the company's ability to cover its short-term liabilities with its most liquid assets, has shown some volatility over the periods provided.
From March 31, 2020, to June 30, 2021, the quick ratio ranged from 0.55 to 1.24, indicating fluctuations in the company's short-term liquidity position.
In the most recent periods from March 31, 2023, to December 31, 2024, the quick ratio improved significantly, reaching a peak of 2.22. This suggests that Amgen Inc has substantially improved its ability to cover its current liabilities with its quick assets during these periods.
However, the quick ratio started to decline again in the subsequent quarters, dropping to 0.52 by December 31, 2024. This could imply a potential decrease in the company's short-term liquidity position during that period.
Overall, the analysis of Amgen Inc's quick ratio indicates fluctuations in liquidity over time, highlighting the importance of monitoring the company's ability to meet its short-term obligations with its liquid assets.
Peer comparison
Dec 31, 2024