IDEXX Laboratories Inc (IDXX)
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,399,900 | 1,433,740 | 1,528,610 | 1,501,970 | 1,495,250 | 1,384,230 | 1,179,020 | 1,149,450 | 1,101,480 | 1,058,860 | 1,042,820 | 1,089,770 | 955,655 | 938,037 | 1,001,230 | 1,097,800 | 1,062,740 | 868,679 | 779,612 | 721,351 |
| Total current liabilities | US$ in thousands | 1,067,920 | 1,009,220 | 1,116,700 | 956,902 | 951,547 | 970,193 | 883,859 | 1,065,630 | 1,235,800 | 1,189,940 | 1,166,550 | 971,341 | 763,579 | 633,849 | 651,809 | 620,662 | 582,761 | 526,841 | 540,584 | 846,241 |
| Current ratio | 1.31 | 1.42 | 1.37 | 1.57 | 1.57 | 1.43 | 1.33 | 1.08 | 0.89 | 0.89 | 0.89 | 1.12 | 1.25 | 1.48 | 1.54 | 1.77 | 1.82 | 1.65 | 1.44 | 0.85 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,399,900K ÷ $1,067,920K
= 1.31
IDEXX Laboratories Inc's current ratio has shown fluctuations over the past few years. The current ratio measures a company's ability to cover its short-term liabilities with its current assets. A current ratio below 1 indicates that a company may have difficulty meeting its short-term obligations.
From December 31, 2021, to June 30, 2022, the current ratio decreased from 1.25 to 0.89, which may indicate a weakening liquidity position during that period. However, from March 31, 2023, to December 31, 2024, the current ratio improved steadily from 1.08 to 1.31. This suggests a more favorable liquidity position for IDEXX Laboratories Inc towards the end of the period covered in the data.
It is important to note that a current ratio of above 1 is generally considered healthy, as it indicates that a company has more current assets than current liabilities. IDEXX Laboratories Inc's current ratio has generally stayed above 1 during the observed period, indicating that the company has been able to cover its short-term obligations with its current assets. However, the decreasing trend in the current ratio from June 30, 2022 to June 30, 2024, is worth monitoring to see if it continues or if there are any underlying factors impacting the company's liquidity position.
Peer comparison
Dec 31, 2024