IDEXX Laboratories Inc (IDXX)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 288,266 | 308,636 | 401,590 | 397,433 | 453,932 | 331,696 | 132,838 | 111,367 | 112,546 | 99,176 | 114,362 | 204,618 | 144,454 | 145,203 | 232,134 | 351,163 | 383,928 | 175,587 | 105,293 | 81,395 |
| Short-term investments | US$ in thousands | — | -185,873 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Quick ratio | 0.27 | 0.12 | 0.36 | 0.42 | 0.48 | 0.34 | 0.15 | 0.10 | 0.09 | 0.08 | 0.10 | 0.21 | 0.19 | 0.23 | 0.36 | 0.57 | 0.66 | 0.33 | 0.19 | 0.10 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($288,266K
+ $—K
+ $—K)
÷ $1,067,920K
= 0.27
The quick ratio of IDEXX Laboratories Inc has shown fluctuations over the period from March 31, 2020, to December 31, 2024. The quick ratio, which measures the company's ability to meet its short-term obligations with its most liquid assets, started at a low of 0.10 on March 31, 2020, indicating a potential liquidity concern.
From there, the quick ratio improved steadily to reach its peak at 0.66 on December 31, 2020, signifying a significant enhancement in the company's ability to cover its current liabilities with its quick assets. However, the ratio later declined, showing variability in the company's liquidity position.
The quick ratio remained above 0.30 from September 2020 to September 2023, indicating a relatively healthy liquidity position during this period. However, there were some dips below this threshold, notably on June 30, 2022, and December 31, 2022, where the quick ratio fell to 0.10 and 0.09, respectively.
Overall, the quick ratio fluctuated within a range from 0.08 to 0.66 during the analyzed period, displaying variability in IDEXX Laboratories Inc's ability to cover its short-term obligations with its liquid assets. Investors and stakeholders may want to closely monitor the company's liquidity position based on the quick ratio trend to assess its financial health and ability to meet its short-term obligations effectively.
Peer comparison
Dec 31, 2024