Charles River Laboratories (CRL)

Quick 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
Cash	US$ in thousands	276,771	157,174	200,445	201,587	233,912	193,701	200,321	241,869	241,214	212,539	222,969	465,411	228,424	242,879	402,020	372,433	238,014	164,759	200,589	126,316
Short-term investments	US$ in thousands	—	944	951	1,001	998	950	1,012	1,065	1,063	1,030	1,037	1,025	1,024	963	929	934	941	855	887	907
Receivables	US$ in thousands	780,375	799,310	800,646	—	752,390	778,499	755,343	706,796	650,381	660,452	644,027	610,566	617,740	572,058	532,531	542,390	514,033	524,074	545,148	495,501
Total current liabilities	US$ in thousands	1,055,080	993,816	1,007,620	981,392	1,091,580	1,014,190	1,048,140	993,839	1,033,180	983,751	929,610	803,376	839,751	787,014	727,936	690,896	710,181	681,646	635,598	529,759
Quick ratio		1.00	0.96	0.99	0.21	0.90	0.96	0.91	0.96	0.86	0.89	0.93	1.34	1.01	1.04	1.29	1.33	1.06	1.01	1.17	1.18

December 31, 2023 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($276,771K + $—K + $780,375K) ÷ $1,055,080K
= 1.00

The quick ratio of Charles River Laboratories has varied over the past quarters, ranging from as low as 0.21 to as high as 1.34. A quick ratio of 1.00 indicates that the company's current assets, excluding inventory, are sufficient to cover its current liabilities.

In the most recent quarter, the quick ratio was 0.96, suggesting that the company may face some liquidity challenges in meeting its short-term obligations without relying on selling off inventory. However, the company's quick ratio has generally been above 1.00 in previous quarters, indicating a stronger ability to cover short-term liabilities without relying heavily on inventory.

Overall, the trend in the quick ratio for Charles River Laboratories appears relatively stable, with occasional fluctuations. It is important for the company to monitor its liquidity position closely to ensure it can meet its short-term financial obligations effectively.