BioLife Solutions Inc (BLFS)

Cash ratio

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Cash and cash equivalents	US$ in thousands	35,407	19,235	21,400	19,105	19,442	27,036	24,001	59,463	69,860	75,098	76,246	89,012	90,403	93,984	29,900	6,400	6,448	21,205	19,617	31,824
Short-term investments	US$ in thousands	16,288	22,965	26,700	37,795	44,658	35,064	22,999	—	40	—	5,872	—	5,872	3,610	—	—	—	—	—	—
Total current liabilities	US$ in thousands	42,178	42,622	39,587	47,319	44,582	40,418	36,369	37,752	42,700	35,793	31,275	16,381	15,573	8,362	7,490	25,460	7,669	5,014	3,163	2,701
Cash ratio		1.23	0.99	1.22	1.20	1.44	1.54	1.29	1.58	1.64	2.10	2.63	5.43	6.18	11.67	3.99	0.25	0.84	4.23	6.20	11.78

December 31, 2023 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($35,407K + $16,288K) ÷ $42,178K
= 1.23

The cash ratio of BioLife Solutions Inc has fluctuated over the past five years, ranging from as low as 0.25 to as high as 11.78. The cash ratio measures a company's ability to cover its short-term liabilities with its cash and cash equivalents. A higher cash ratio indicates a stronger ability to cover current liabilities.

In the most recent quarter, the cash ratio was 1.23, which means that BioLife Solutions had $1.23 in cash and cash equivalents for every $1 of its current liabilities. This suggests that the company had a comfortable level of liquidity to meet its short-term obligations.

Over the historical period, there are instances where the cash ratio was notably high, such as in June 2021 and December 2020, indicating strong liquidity positions during those periods. Conversely, the lowest points in cash ratio, such as in March 2020 and September 2019, may suggest potential liquidity challenges during those periods.

It is important to consider the trend of the cash ratio over time to assess the company's liquidity management and financial health. Fluctuations in the cash ratio may be influenced by various factors such as changes in operating cash flows, investment activities, and financing decisions.