Bio-Rad Laboratories Inc (BIO)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 3,048,330 | 3,157,980 | 1,990,480 | 2,139,840 | 2,180,160 |
| Total current liabilities | US$ in thousands | 522,799 | 568,708 | 680,938 | 631,536 | 905,495 |
| Current ratio | 5.83 | 5.55 | 2.92 | 3.39 | 2.41 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $3,048,330K ÷ $522,799K
= 5.83
The current ratio of Bio-Rad Laboratories Inc. has shown a positive trend over the past five years. As of December 31, 2023, the current ratio stands at 5.83, indicating a significant increase from the previous year's ratio of 5.55. This suggests that the company's current assets are more than sufficient to cover its current liabilities, reflecting strong liquidity and financial health.
Comparing the current ratio to the ratios from 2021, 2020, and 2019 further emphasizes the improving liquidity position of Bio-Rad Laboratories Inc. The current ratio has substantially increased from 2.92 in 2021 to 5.83 in 2023, showcasing a commendable improvement in the company's ability to meet short-term obligations with its current assets.
Overall, the current ratio's consistent upward trajectory over the years signifies a favorable liquidity position for Bio-Rad Laboratories Inc., instilling confidence in its ability to manage its short-term financial commitments effectively.
Peer comparison
Dec 31, 2023