Dynavax Technologies Corporation (DVAX)

Quick ratio

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Cash	US$ in thousands	95,883	119,332	112,501	132,033	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
Short-term investments	US$ in thousands	617,951	644,660	623,111	591,505	592,023	565,905	454,702	477,606	422,391	387,910	269,078	323,795	109,761	167,804	216,196	153,619	132,963	144,473	140,223	91,634
Receivables	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total current liabilities	US$ in thousands	78,634	70,030	62,192	56,002	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
Quick ratio		9.08	10.91	11.83	12.92	11.94	13.28	15.19	7.12	4.16	2.40	1.50	1.08	0.98	0.78	1.69	2.13	2.13	2.66	3.77	4.42

December 31, 2024 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($95,883K + $617,951K + $—K) ÷ $78,634K
= 9.08

The quick ratio of Dynavax Technologies Corporation has shown significant fluctuations over the past few years. Starting at a strong level of 4.42 as of March 31, 2020, the quick ratio gradually decreased to 0.78 by September 30, 2021. This decrease indicates a potential liquidity concern as the ability to meet short-term obligations with liquid assets diminished.

However, there was a notable recovery in the quick ratio from the low of 0.78, with the ratio steadily increasing to 15.19 as of June 30, 2023. This significant improvement suggests a robust liquidity position, indicating the company's ability to cover its short-term liabilities with its most liquid assets.

Subsequently, the quick ratio started to decline from the peak of 15.19, though remaining relatively high compared to previous periods. As of December 31, 2024, the quick ratio stood at 9.08, indicating that Dynavax Technologies Corporation still holds a solid position in terms of liquidity compared to the earlier periods.

Overall, the fluctuation in the quick ratio of Dynavax Technologies Corporation reflects varying levels of liquidity and ability to meet short-term obligations with liquid assets during the period under review.