Exelixis Inc (EXEL)

Current ratio

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Total current assets	US$ in thousands	1,467,580	1,549,720	1,477,440	1,292,430	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
Total current liabilities	US$ in thousands	403,769	394,346	345,703	373,010	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
Current ratio		3.63	3.93	4.27	3.46	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

December 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $1,467,580K ÷ $403,769K
= 3.63

Exelixis Inc's current ratio has shown fluctuations over the years based on the provided data. The current ratio measures the company's ability to meet its short-term obligations with its current assets.

From March 31, 2020, to December 31, 2022, the current ratio ranged from a high of 9.77 to a low of 4.99, indicating varying levels of liquidity in the short term. The ratio remained relatively strong during this period, suggesting that Exelixis Inc had adequate current assets to cover its short-term liabilities.

However, from March 31, 2023, to December 31, 2024, the current ratio decreased further, with the ratio hitting a low of 3.34 by the end of 2023. This decline may raise concerns about the company's ability to meet its short-term obligations comfortably.

Overall, Exelixis Inc's current ratio trend indicates the need for careful monitoring of its liquidity position to ensure the company can meet its short-term financial obligations in a sustainable manner.