Exelixis Inc (EXEL)

Current 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
Total current assets	US$ in thousands	1,317,960	1,443,370	1,590,530	1,637,620	1,618,760	1,841,620	1,851,640	1,842,740	1,834,750	1,662,030	1,593,250	1,434,260	1,445,400	1,407,810	1,394,660	1,136,900	1,011,190	972,112	957,247	946,298
Total current liabilities	US$ in thousands	394,277	376,816	339,617	327,597	324,359	301,733	304,521	289,079	337,590	269,508	255,326	213,337	204,658	201,343	142,681	140,477	142,746	141,069	110,796	125,132
Current ratio		3.34	3.83	4.68	5.00	4.99	6.10	6.08	6.37	5.43	6.17	6.24	6.72	7.06	6.99	9.77	8.09	7.08	6.89	8.64	7.56

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $1,317,960K ÷ $394,277K
= 3.34

The current ratio of Exelixis Inc has been consistently strong over the past few years, indicating a healthy financial position in terms of liquidity. The ratio has fluctuated between 3.34 and 9.77 during the period under review.

The current ratio measures the company's ability to meet its short-term obligations with its current assets. A ratio above 1 indicates that the company has more current assets than current liabilities. Exelixis Inc has consistently maintained a current ratio above 3, which suggests that the company is well-positioned to cover its short-term liabilities using its current assets.

The upward trend in the current ratio over time indicates an improvement in Exelixis Inc's liquidity position, with the company having more current assets relative to current liabilities. This trend signifies better financial health and may reflect efficient management of working capital.

Overall, the current ratio analysis suggests that Exelixis Inc has a strong ability to meet its short-term financial obligations and may have room to invest in growth opportunities or weather economic uncertainties.