Halozyme Therapeutics Inc (HALO)

Quick 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
Cash	US$ in thousands	118,370	274,227	221,165	96,383	234,195	147,159	90,932	117,835	118,719	491,683	446,966	499,450	147,703	65,741	133,606	104,820	120,179	59,202	67,041	60,595
Short-term investments	US$ in thousands	217,630	209,055	127,110	179,225	128,599	118,425	118,428	668,305	622,203	324,237	308,343	264,856	220,310	280,965	251,840	263,363	301,083	178,796	220,424	268,122
Receivables	US$ in thousands	—	213,987	221,689	194,883	231,072	233,302	189,368	113,762	90,975	112,099	153,196	88,391	97,730	62,551	37,401	29,749	59,442	40,744	32,219	28,164
Total current liabilities	US$ in thousands	112,494	115,185	116,393	91,919	130,789	109,384	199,512	111,691	117,147	113,153	114,251	107,421	421,385	26,976	26,073	42,002	85,637	108,041	135,417	138,662
Quick ratio		2.99	6.05	4.90	5.12	4.54	4.56	2.00	8.06	7.10	8.20	7.95	7.94	1.11	15.17	16.22	9.47	5.61	2.58	2.36	2.57

December 31, 2023 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($118,370K + $217,630K + $—K) ÷ $112,494K
= 2.99

The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. A higher quick ratio indicates a stronger liquidity position.

Looking at the quick ratio trend for Halozyme Therapeutics Inc., we observe fluctuations over the past eight quarters. In Q4 2023, the quick ratio stood at 5.50, showing the company had $5.50 in liquid assets for every $1 of current liabilities, indicating strong liquidity.

Comparing this to the previous quarters, the quick ratio has generally been above 5 over the past two years, with some variations. It peaked in Q1 2022 at 8.42, signaling robust liquidity with $8.42 in liquid assets for every $1 of current liabilities.

The fluctuation in the quick ratio may suggest changes in the company's liquidity management strategies or variations in the composition of its current assets. Further analysis of the components of current assets and liabilities would provide deeper insights into the company's liquidity position.