Collegium Pharmaceutical Inc (COLL)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 537,600 | 419,989 | 315,543 | 277,888 | 255,720 |
| Total current liabilities | US$ in thousands | 457,915 | 433,726 | 279,566 | 239,451 | 201,765 |
| Current ratio | 1.17 | 0.97 | 1.13 | 1.16 | 1.27 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $537,600K ÷ $457,915K
= 1.17
The current ratio of Collegium Pharmaceutical Inc has been fluctuating over the past five years. The current ratio stood at 1.17 in 2023, showing an improvement compared to the previous year's ratio of 0.97 in 2022. However, it is slightly lower than the ratios reported in 2021 and 2020, which were 1.13 and 1.16, respectively. The highest current ratio was observed in 2019 at 1.27.
A current ratio above 1 indicates that the company has more current assets than current liabilities, which is generally considered favorable as it suggests the company can cover its short-term obligations. However, a fluctuating current ratio could imply variations in the company's liquidity position over the years, which may warrant further investigation into the company's management of current assets and liabilities. It is essential for Collegium Pharmaceutical Inc to monitor its liquidity position closely to ensure it can meet its short-term financial obligations effectively.
Peer comparison
Dec 31, 2023