Exelixis Inc (EXEL)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 217,374 | 262,994 | 501,195 | 647,169 | 319,217 |
| Short-term investments | US$ in thousands | 893,902 | 732,308 | 807,273 | 819,905 | 887,319 |
| Total current liabilities | US$ in thousands | 403,769 | 394,277 | 324,359 | 337,590 | 204,658 |
| Cash ratio | 2.75 | 2.52 | 4.03 | 4.35 | 5.90 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($217,374K
+ $893,902K)
÷ $403,769K
= 2.75
The cash ratio of Exelixis Inc has shown a declining trend over the years, starting at 5.90 in December 31, 2020, and gradually decreasing to 4.35 in December 31, 2021, 4.03 in December 31, 2022, 2.52 in December 31, 2023, and slightly increasing to 2.75 in December 31, 2024.
This indicates that the company's ability to cover its short-term liabilities with its cash and cash equivalents has been weakening over time. It is important for Exelixis Inc to closely monitor and manage its cash position to ensure it has sufficient liquidity to meet its financial obligations in the short term. A declining cash ratio may signal potential liquidity challenges for the company.
Peer comparison
Dec 31, 2024