Exelixis Inc (EXEL)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | 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 |
| Receivables | US$ in thousands | 265,437 | 237,407 | 214,784 | 282,650 | 160,875 |
| Total current liabilities | US$ in thousands | 403,769 | 394,277 | 324,359 | 337,590 | 204,658 |
| Quick ratio | 3.41 | 3.13 | 4.70 | 5.18 | 6.68 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($217,374K
+ $893,902K
+ $265,437K)
÷ $403,769K
= 3.41
The quick ratio of Exelixis Inc has demonstrated a positive trend, declining from 6.68 as of December 31, 2020, to 4.70 as of December 31, 2022. This indicates a reduction in the company's ability to meet its short-term obligations using its most liquid assets. However, the ratio improved slightly to 3.41 by December 31, 2024, suggesting a potential enhancement in liquidity position compared to the previous year. Overall, while the quick ratio has decreased over the years, it still remains at favorable levels, indicating that Exelixis Inc possesses sufficient liquid assets to cover its short-term liabilities.
Peer comparison
Dec 31, 2024