BioLife Solutions Inc (BLFS)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 120,604 | 138,452 | 126,088 | 114,712 | 24,113 |
| Total current liabilities | US$ in thousands | 42,178 | 44,582 | 42,700 | 15,573 | 7,669 |
| Current ratio | 2.86 | 3.11 | 2.95 | 7.37 | 3.14 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $120,604K ÷ $42,178K
= 2.86
The current ratio of BioLife Solutions Inc has shown some fluctuation over the past five years. In 2023, the current ratio was 2.86, indicating that the company had $2.86 in current assets for every $1 in current liabilities. This ratio decreased from 3.11 in 2022 and 2.95 in 2021.
It is worth noting that the current ratio was exceptionally high at 7.37 in 2020, suggesting a strong ability to cover short-term obligations with current assets. This substantial increase may have been influenced by factors such as increased cash reserves or reduced current liabilities.
Overall, the current ratio of BioLife Solutions Inc has generally remained above 2 in recent years, indicating a healthy liquidity position and ability to meet short-term obligations. However, the decreasing trend in the ratio from 2020 to 2023 may warrant further investigation into the company's current asset management and liquidity management practices.
Peer comparison
Dec 31, 2023