Collegium Pharmaceutical Inc (COLL)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 70,565 | 238,947 | 173,688 | 186,426 | 174,116 |
| Short-term investments | US$ in thousands | 92,198 | 71,601 | 0 | — | — |
| Receivables | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 509,510 | 457,915 | 270,114 | 230,399 | 191,226 |
| Quick ratio | 0.32 | 0.68 | 0.64 | 0.81 | 0.91 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($70,565K
+ $92,198K
+ $—K)
÷ $509,510K
= 0.32
The quick ratio of Collegium Pharmaceutical Inc has shown a decreasing trend over the years, dropping from 0.91 as of December 31, 2020, to 0.32 as of December 31, 2024. This indicates that the company's ability to meet its short-term obligations with its most liquid assets has weakened. A quick ratio below 1 typically suggests a company may have difficulty meeting its short-term liabilities. It would be advisable for Collegium Pharmaceutical Inc to closely monitor its liquidity position and take necessary steps to improve its quick ratio in order to maintain financial stability and meet its short-term financial obligations effectively.
Peer comparison
Dec 31, 2024