BioLife Solutions Inc (BLFS)

Current 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
Total current assets	US$ in thousands	120,604	116,824	120,311	132,789	138,452	136,215	118,359	118,968	126,088	130,505	127,414	116,543	114,712	127,784	46,254	26,450	24,113	32,067	29,139	39,157
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
Current ratio		2.86	2.74	3.04	2.81	3.11	3.37	3.25	3.15	2.95	3.65	4.07	7.11	7.37	15.28	6.18	1.04	3.14	6.40	9.21	14.50

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 displayed some fluctuation over the past few quarters. As of Dec 31, 2023, the current ratio stood at 2.86, which indicates that the company had $2.86 in current assets for every $1 in current liabilities. This suggests that BioLife Solutions Inc had a strong ability to cover its short-term obligations at the end of 2023.

Looking at the trend, we observe that the current ratio has been above 2 for the past five quarters, indicating a healthy liquidity position. However, the ratio has fluctuated within a range, showing some variability in the company's ability to meet its short-term obligations.

It is important to note the significant spike in the current ratio in the second quarter of 2021, where it reached 7.11, and even more remarkably in the fourth quarter of 2020, reaching a ratio of 15.28. These exceptionally high ratios may have been influenced by specific events or factors such as a surge in current assets or a decrease in current liabilities during those periods.

Overall, despite some ups and downs, BioLife Solutions Inc has generally maintained a current ratio above 2, indicating a comfortable liquidity position and a strong ability to meet its short-term financial obligations.