Dynavax Technologies Corporation (DVAX)

Current 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
Total current assets	US$ in thousands	859,120	835,666	797,460	830,141	916,985	932,944	955,405	940,515	972,520	852,670	583,906	427,533	290,015	290,003	265,466	194,147	208,653	228,835	191,450	222,524
Total current liabilities	US$ in thousands	62,195	54,264	44,862	91,515	150,074	244,080	345,198	466,203	556,402	528,935	204,642	109,422	77,411	66,625	53,222	29,279	53,047	46,348	44,573	42,251
Current ratio		13.81	15.40	17.78	9.07	6.11	3.82	2.77	2.02	1.75	1.61	2.85	3.91	3.75	4.35	4.99	6.63	3.93	4.94	4.30	5.27

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 consistent upward trend over the past few quarters, indicating a strengthening liquidity position. The ratio has improved significantly from 2.02 in Q1 2022 to 13.81 in Q4 2023, reflecting the company's ability to meet its short-term obligations with its current assets.

The current ratio exceeding 1 suggests that the company has more than enough current assets to cover its current liabilities, providing a cushion of safety for creditors and investors. The recent ratios of 13.81 in Q4 2023, 15.40 in Q3 2023, and 17.78 in Q2 2023 indicate a robust liquidity position, potentially due to increased cash reserves or efficient management of current assets.

However, the significant increase in the current ratio from 6.11 in Q4 2022 to 13.81 in Q4 2023 warrants further investigation to understand the drivers behind this substantial improvement. Overall, the current ratio analysis suggests that Dynavax Technologies Corp. has a strong liquidity position and has been effectively managing its short-term financial obligations over the quarters.