Harmony Biosciences Holdings (HRMY)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 451,070 | 400,285 | 284,439 | 262,891 |
| Total current liabilities | US$ in thousands | 163,781 | 78,884 | 53,775 | 134,539 |
| Current ratio | 2.75 | 5.07 | 5.29 | 1.95 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $451,070K ÷ $163,781K
= 2.75
The current ratio of Harmony Biosciences Holdings Inc has shown variability over the past four years, reflecting fluctuations in the company's liquidity position. The current ratio decreased from 5.29 in 2021 to 5.07 in 2022, before experiencing a significant decline to 2.75 in 2023. Despite the recent decrease, the current ratio remains above 1, indicating that the company has more than enough current assets to cover its current liabilities. However, the substantial drop in the current ratio from 2022 to 2023 may raise concerns about the company's short-term liquidity management. Further analysis and monitoring of the company's liquidity position would be necessary to assess its financial health accurately.
Peer comparison
Dec 31, 2023