DexCom Inc (DXCM)

Cash 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 and cash equivalents US$ in thousands 566,300 643,700 1,194,900 623,200 642,300 698,100 735,400 716,000 1,052,600 1,444,300 1,158,800 733,800 817,600 673,500 530,000 584,600 446,200 395,600 709,200 1,285,100
Short-term investments US$ in thousands 2,160,000 2,600,000 2,440,000 1,940,000 1,810,000 1,670,000 2,019,400 1,873,000 1,360,000 1,083,700 1,426,100 1,898,800 1,890,100 1,930,300 1,978,800 925,900 1,087,100 1,034,300 668,300 72,900
Total current liabilities US$ in thousands 1,556,000 1,678,600 2,069,700 1,865,000 1,839,300 900,500 807,000 711,400 720,800 734,900 600,700 604,100 614,100 506,400 400,100 342,800 360,200 322,400 288,200 235,400
Cash ratio 1.75 1.93 1.76 1.37 1.33 2.63 3.41 3.64 3.35 3.44 4.30 4.36 4.41 5.14 6.27 4.41 4.26 4.44 4.78 5.77

December 31, 2023 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($566,300K + $2,160,000K) ÷ $1,556,000K
= 1.75

The cash ratio of Dexcom Inc has been fluctuating over the past eight quarters, ranging from a low of 1.42 in Q4 2022 to a high of 4.02 in Q1 2022. The cash ratio provides insight into a company's ability to cover its short-term liabilities with its available cash and cash equivalents. A higher cash ratio indicates a stronger ability to meet these obligations without relying on external sources.

In the most recent quarter, Q4 2023, the cash ratio stands at 1.84, which indicates that Dexcom Inc has $1.84 in cash and cash equivalents for every $1 of its current liabilities. This suggests that the company has a moderate level of liquidity to meet its short-term obligations. However, the decreasing trend in the cash ratio from Q2 2022 to Q4 2023 may warrant further analysis to understand the reasons behind this decline and whether it is a cause for concern in terms of the company's liquidity position.


Peer comparison

Dec 31, 2023


See also:

DexCom Inc Cash Ratio (Quarterly Data)