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.
Peer comparison
Dec 31, 2023