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.
Peer comparison
Dec 31, 2023