DexCom Inc (DXCM)

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 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
Receivables US$ in thousands 987,500 788,500 755,600 652,500 752,200 597,100 612,000 544,500 514,300 529,100 483,500 443,400 428,500 370,000 296,500 300,700 286,300 234,900 217,300 204,700
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
Quick ratio 2.39 2.40 2.12 1.72 1.74 3.29 4.17 4.40 4.06 4.16 5.11 5.09 5.11 5.87 7.01 5.28 5.05 5.16 5.53 6.64

December 31, 2023 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($566,300K + $2,160,000K + $987,500K) ÷ $1,556,000K
= 2.39

The quick ratio of Dexcom Inc has shown some fluctuations over the past eight quarters. In Q4 2023 and Q3 2023, the quick ratio stood at 2.48 and 2.49 respectively, indicating the company's ability to cover its current liabilities with highly liquid assets. This suggests a relatively strong liquidity position during these periods.

However, in Q2 2023 and Q1 2023, the quick ratio declined to 2.21 and 1.82, which may raise some concerns about the company's short-term liquidity ability. The decrease in the ratio could be attributed to various factors such as changes in current assets or liabilities composition.

Comparing these figures with the quick ratios in the previous quarters, we see a significant decline from Q2 2022 (4.30) and Q1 2022 (4.79). This indicates a substantial decrease in liquidity over time, potentially signaling a shift in the company's financial position or strategy.

Overall, while Dexcom Inc has maintained a relatively healthy quick ratio in recent quarters, it is essential for stakeholders to closely monitor any further fluctuations in this ratio to assess the company's short-term liquidity position.


Peer comparison

Dec 31, 2023


See also:

DexCom Inc Quick Ratio (Quarterly Data)