BioLife Solutions Inc (BLFS)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 148,761 | 120,604 | 138,452 | 126,088 | 114,712 |
| Total current liabilities | US$ in thousands | 32,734 | 42,178 | 44,582 | 42,700 | 15,573 |
| Current ratio | 4.54 | 2.86 | 3.11 | 2.95 | 7.37 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $148,761K ÷ $32,734K
= 4.54
Based on the data provided, BioLife Solutions Inc's current ratio has fluctuated over the past five years. The current ratio indicates the company's ability to meet its short-term financial obligations using its current assets.
As of December 31, 2020, the company had a high current ratio of 7.37, suggesting a strong liquidity position and the ability to cover its short-term liabilities comfortably. However, this ratio decreased significantly to 2.95 by December 31, 2021, indicating a potential decrease in liquidity.
Over the following years, the current ratio improved slightly to 3.11 by December 31, 2022, but then declined again to 2.86 by December 31, 2023, below the industry average, reflecting a potential strain on the company's short-term liquidity.
By December 31, 2024, the current ratio increased to 4.54, indicating a positive trend and improved liquidity position compared to the previous year. Overall, the fluctuation in the current ratio over the years suggests varying levels of liquidity and the need for careful monitoring of the company's ability to meet its short-term obligations.
Peer comparison
Dec 31, 2024