Fulgent Genetics Inc (FLGT)
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 | ||
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Total current assets | US$ in thousands | 353,571 | 326,539 | 399,104 | 386,509 | 507,845 | 549,855 | 528,289 | 914,867 | 905,632 | 1,022,160 | 675,185 | 1,238,560 | 1,074,460 | 622,836 | 925,615 | 659,140 | 615,726 | 194,650 | 16,294 | 76,995 |
Total current liabilities | US$ in thousands | 72,899 | 73,990 | 75,751 | 75,949 | 73,018 | 61,421 | 64,819 | 107,848 | 116,178 | 124,385 | 127,527 | 152,630 | 112,840 | 147,158 | 129,130 | 196,530 | 131,074 | 60,356 | 8,872 | 7,953 |
Current ratio | 4.85 | 4.41 | 5.27 | 5.09 | 6.96 | 8.95 | 8.15 | 8.48 | 7.80 | 8.22 | 5.29 | 8.11 | 9.52 | 4.23 | 7.17 | 3.35 | 4.70 | 3.23 | 1.84 | 9.68 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $353,571K ÷ $72,899K
= 4.85
Fulgent Genetics Inc's current ratio has shown fluctuations over the past few years, indicating changes in its short-term liquidity position. The current ratio compares a company's current assets to its current liabilities, reflecting its ability to meet short-term obligations.
As of December 31, 2024, Fulgent Genetics Inc's current ratio was 4.85, suggesting that the company had $4.85 in current assets for every dollar of current liabilities. This indicates a reasonable liquidity position, as the company has a comfortable buffer to cover its short-term debts.
It is worth noting that the current ratio has varied significantly over the reporting periods, ranging from a low of 1.84 on June 30, 2020, to a high of 9.68 on March 31, 2020. Such fluctuations may be indicative of changes in the company's working capital management, business operations, or financial position.
Overall, Fulgent Genetics Inc's current ratio has generally been above 1, indicating that the company has had sufficient current assets to meet its short-term obligations. However, investors and stakeholders should continue to monitor trends in the current ratio to assess the company's ongoing liquidity position and financial health.
Peer comparison
Dec 31, 2024