Collegium Pharmaceutical Inc (COLL)

Quick ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash	US$ in thousands	238,947	173,688	186,426	174,116	170,019
Short-term investments	US$ in thousands	147,931	0	—	—	—
Receivables	US$ in thousands	179,525	183,119	105,844	83,320	72,953
Total current liabilities	US$ in thousands	457,915	433,726	279,566	239,451	201,765
Quick ratio		1.24	0.82	1.05	1.08	1.20

December 31, 2023 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($238,947K + $147,931K + $179,525K) ÷ $457,915K
= 1.24

The quick ratio of Collegium Pharmaceutical Inc has varied over the past five years. The ratio indicates the company's ability to meet its short-term obligations using its most liquid assets. In 2023, the quick ratio improved to 1.10 from 0.86 in 2022, suggesting an enhancement in the company's short-term liquidity position. However, it is still slightly below the 2019 level of 1.22. The ratios for 2021 and 2020 were 1.07 and 1.10, respectively, indicating a relatively stable liquidity position during those years. Overall, while the recent improvement in the quick ratio is positive, further monitoring of liquidity management is prudent to ensure the company's ability to meet short-term obligations effectively.