Dynavax Technologies Corporation (DVAX)

Quick 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
Cash	US$ in thousands	150,279	154,511	226,823	174,350	202,004	198,576	249,091	179,421	436,189	246,351	129,608	79,055	32,073	32,688	60,485	37,899	39,884	37,297	34,225	112,133
Short-term investments	US$ in thousands	592,023	565,905	454,702	477,606	422,391	387,910	269,078	323,795	109,811	167,849	216,192	153,645	132,927	144,512	140,215	91,601	111,216	137,603	106,275	71,067
Receivables	US$ in thousands	-12,313	-12,313	-12,313	-12,313	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
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
Quick ratio		11.74	13.05	14.92	6.99	4.16	2.40	1.50	1.08	0.98	0.78	1.69	2.13	2.13	2.66	3.77	4.42	2.85	3.77	3.15	4.34

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 a positive trend over the past eight quarters, starting from a quick ratio of 1.85 in Q1 2022 and reaching 12.96 in Q4 2023. This indicates a substantial improvement in the company's ability to meet its short-term obligations with its most liquid assets.

The quick ratio consistently increased from Q1 2022 to Q3 2023, with a significant spike in Q2 2023 to 16.59, indicating a strong liquidity position during that period. However, there was a slight dip in Q4 2023 to 12.96, which may suggest a slight decrease in the company's ability to cover its current liabilities with its quick assets.

Overall, the upward trend in the quick ratio of Dynavax Technologies Corp. reflects a positive liquidity position, indicating the company's ability to meet its short-term financial obligations comfortably. It is essential for investors and stakeholders to monitor this ratio to ensure the company maintains adequate liquidity levels for sustained operations and growth.