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.