Corcept Therapeutics Incorporated (CORT)

Current ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Total current assets	US$ in thousands	458,636	499,253	266,463	478,501	307,358
Total current liabilities	US$ in thousands	104,505	72,491	47,541	47,494	38,841
Current ratio		4.39	6.89	5.60	10.07	7.91

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $458,636K ÷ $104,505K
= 4.39

The current ratio of Corcept Therapeutics Inc has shown a decreasing trend over the past five years, starting at 7.91 in 2019 and declining to 4.39 in 2023. This indicates that the company's current assets may not be as sufficient to cover its current liabilities as they were in previous years. However, it is important to note that the current ratio is still above 1 in all years, which generally suggests that the company has enough current assets to meet its short-term obligations. The significant fluctuations in the current ratio may warrant further investigation into the company's liquidity management and factors affecting its current asset and liability composition.