Dynavax Technologies Corporation (DVAX)
Quick ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 150,279 | 202,004 | 436,189 | 32,073 | 39,884 |
| Short-term investments | US$ in thousands | 592,023 | 422,391 | 109,811 | 132,927 | 111,216 |
| Receivables | US$ in thousands | -12,313 | — | — | — | — |
| Total current liabilities | US$ in thousands | 62,195 | 150,074 | 556,402 | 77,411 | 53,047 |
| Quick ratio | 11.74 | 4.16 | 0.98 | 2.13 | 2.85 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($150,279K
+ $592,023K
+ $-12,313K)
÷ $62,195K
= 11.74
The quick ratio of Dynavax Technologies Corp. has shown significant fluctuation over the past five years. In 2023, the quick ratio is at 12.96, indicating a substantial increase from the previous year's ratio of 5.71. This current ratio suggests that the company has a strong ability to meet its short-term obligations using its most liquid assets.
The quick ratio for 2021 was 1.64, depicting a decline from the previous year and potentially raising concerns about the company's short-term liquidity position. However, in 2022, the ratio improved to 5.71, indicating a significant recovery in the company's ability to cover its short-term liabilities with its quick assets.
Comparing the quick ratios over the years, it appears that Dynavax Technologies Corp. experienced fluctuations in liquidity, with notable improvements in 2022 and a substantial increase in 2023. This improvement may signal better liquidity management or a stronger financial position. However, further analysis of the company's current assets composition and short-term liabilities is recommended to gain a more comprehensive understanding of its liquidity position.
Peer comparison
Dec 31, 2023