Fulgent Genetics Inc (FLGT)

Quick ratio

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Cash US$ in thousands 55,144 97,473 79,506 164,894 87,426
Short-term investments US$ in thousands 202,962 326,681 773,377 770,652 344,443
Receivables US$ in thousands — — — — —
Total current liabilities US$ in thousands 72,899 73,018 116,178 112,840 131,074
Quick ratio 3.54 5.81 7.34 8.29 3.29

December 31, 2024 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($55,144K + $202,962K + $—K) ÷ $72,899K
= 3.54

The quick ratio of Fulgent Genetics Inc has shown a generally increasing trend over the years, indicating a strengthening liquidity position. Starting at 3.29 on December 31, 2020, the quick ratio has consistently improved, reaching its peak at 8.29 on December 31, 2021. Although there was a slight decrease to 7.34 on December 31, 2022, the ratio remained at a robust level above 5 in the following years. This suggests that the company has a comfortable ability to cover its short-term liabilities with its most liquid assets. However, there was a notable decline to 3.54 on December 31, 2024, indicating a potential decrease in liquidity compared to the prior year. Overall, while the quick ratio fluctuated, the company generally maintained a strong liquidity position during the period under review.