Dynavax Technologies Corporation (DVAX)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 859,120 | 916,985 | 972,520 | 290,015 | 208,653 |
| Total current liabilities | US$ in thousands | 62,195 | 150,074 | 556,402 | 77,411 | 53,047 |
| Current ratio | 13.81 | 6.11 | 1.75 | 3.75 | 3.93 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $859,120K ÷ $62,195K
= 13.81
The current ratio of Dynavax Technologies Corp. has shown a significant upward trend over the past five years, indicating improvements in the company's liquidity position. As of December 31, 2023, the current ratio stands at 13.81, which reflects a substantial increase from the ratios of 6.11, 1.75, 3.75, and 3.93 reported in the preceding years.
A current ratio of 13.81 implies that the company has $13.81 in current assets for every $1 in current liabilities. This signifies a strong ability to cover its short-term obligations with its current assets. The substantial increase in the current ratio from 2022 to 2023 suggests a significant boost in liquidity, which could indicate improved operational efficiency, better cash management, or reduced short-term debt levels.
Overall, the current ratio analysis indicates that Dynavax Technologies Corp. has strengthened its liquidity position over the years, which could enhance its financial stability and ability to withstand short-term financial challenges.
Peer comparison
Dec 31, 2023