Exelixis Inc (EXEL)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,317,960 | 1,618,760 | 1,834,750 | 1,445,400 | 1,011,190 |
| Total current liabilities | US$ in thousands | 394,277 | 324,359 | 337,590 | 204,658 | 142,746 |
| Current ratio | 3.34 | 4.99 | 5.43 | 7.06 | 7.08 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,317,960K ÷ $394,277K
= 3.34
Exelixis Inc's current ratio has demonstrated a decreasing trend over the past five years, indicating a potential reduction in its ability to meet short-term obligations with current assets. The current ratio was 3.34 as of December 31, 2023, down from 4.99 in 2022, 5.43 in 2021, 7.06 in 2020, and 7.08 in 2019. This decline suggests a potential weakening in the company's liquidity position and its ability to cover current liabilities with available current assets. Further analysis is warranted to understand the factors contributing to this trend and assess the overall financial health and solvency of Exelixis Inc.
Peer comparison
Dec 31, 2023