Dynavax Technologies Corporation (DVAX)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 848,941 | 859,120 | 683,841 | 607,285 | 228,725 |
| Total current liabilities | US$ in thousands | 78,634 | 62,195 | 150,074 | 556,402 | 77,411 |
| Current ratio | 10.80 | 13.81 | 4.56 | 1.09 | 2.95 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $848,941K ÷ $78,634K
= 10.80
The current ratio reflects Dynavax Technologies Corporation's ability to cover its short-term obligations with its current assets.
- As of December 31, 2020, the current ratio stood at 2.95, indicating a healthy liquidity position where current assets could cover current liabilities almost three times over.
- By December 31, 2021, the current ratio had decreased significantly to 1.09, suggesting a potential liquidity strain as current assets barely covered current liabilities.
- However, the ratio rebounded strongly by December 31, 2022, reaching 4.56, indicating a strong improvement in liquidity.
- The trend continued, with the current ratio rising even higher to 13.81 by December 31, 2023, suggesting a significant increase in the company's ability to meet short-term obligations.
- Subsequently, by December 31, 2024, the current ratio decreased slightly to 10.80. This still indicates a robust ability to cover short-term liabilities with current assets.
Overall, Dynavax Technologies Corporation's current ratio has displayed significant fluctuations over the years, reflecting varying levels of liquidity and ability to meet its short-term obligations.
Peer comparison
Dec 31, 2024