BioLife Solutions Inc (BLFS)

Current ratio

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Total current assets	US$ in thousands	148,761	89,383	88,200	111,700	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
Total current liabilities	US$ in thousands	32,734	32,166	30,819	38,658	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
Current ratio		4.54	2.78	2.86	2.89	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

December 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $148,761K ÷ $32,734K
= 4.54

The current ratio of BioLife Solutions Inc has fluctuated over the past few years. It was relatively low in March 2020 at 1.04, indicating a potential liquidity concern. However, by September 2020, the current ratio significantly improved to 15.28, suggesting a strong ability to meet short-term obligations.

Subsequently, there were fluctuations in the current ratio, with values ranging between 2.74 and 7.37 up to December 2024. From March 2023 to March 2024, the current ratio decreased gradually from 2.81 to 2.89 before slightly dropping to 2.86 by June 2024.

In the most recent period, the current ratio increased to 4.54 by December 2024. Overall, the current ratio of BioLife Solutions Inc has shown variations over time, indicating changes in the company's liquidity position and its ability to cover current liabilities with current assets.