Illumina Inc (ILMN)
Cash 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 and cash equivalents | US$ in thousands | 1,127,000 | 869,000 | 920,000 | 1,108,000 | 1,048,000 | 927,000 | 1,553,000 | 1,494,000 | 2,011,000 | 1,000,000 | 1,289,000 | 1,351,000 | 1,232,000 | 1,080,000 | 4,196,000 | 4,433,000 | 1,810,000 | 1,761,000 | 1,770,000 | 1,991,000 |
| Short-term investments | US$ in thousands | 93,000 | 70,000 | 74,000 | 7,000 | 6,000 | 6,000 | 6,000 | 24,000 | 26,000 | 41,000 | 38,000 | 65,000 | 107,000 | 185,000 | 90,000 | 197,000 | 1,662,000 | 1,563,000 | 1,498,000 | 1,341,000 |
| Total current liabilities | US$ in thousands | 1,547,000 | 975,000 | 2,208,000 | 1,474,000 | 1,570,000 | 1,482,000 | 2,303,000 | 2,230,000 | 2,773,000 | 2,669,000 | 2,881,000 | 1,490,000 | 1,093,000 | 914,000 | 874,000 | 1,268,000 | 1,244,000 | 1,115,000 | 1,115,000 | 1,054,000 |
| Cash ratio | 0.79 | 0.96 | 0.45 | 0.76 | 0.67 | 0.63 | 0.68 | 0.68 | 0.73 | 0.39 | 0.46 | 0.95 | 1.23 | 1.38 | 4.90 | 3.65 | 2.79 | 2.98 | 2.93 | 3.16 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($1,127,000K
+ $93,000K)
÷ $1,547,000K
= 0.79
The cash ratio of Illumina Inc, which measures the company's ability to cover its short-term liabilities with its cash and cash equivalents, has exhibited some fluctuations over the reporting periods provided.
The trend indicates that the cash ratio was relatively stable between March 31, 2020, and June 30, 2021, ranging from 2.93 to 4.90. This suggests that Illumina Inc had a strong ability to cover its short-term obligations with its readily available cash during this period.
However, from September 30, 2021, to December 31, 2024, the cash ratio experienced a notable decline to as low as 0.39, indicating a decrease in the company's liquidity position. This downward trend may raise concerns about the company's ability to meet its short-term obligations using its cash reserves alone.
Overall, the declining trend in Illumina Inc's cash ratio from the latter part of 2021 to 2024 suggests a potential strain on the company's liquidity position during these periods. It may be advisable for the company to closely monitor its cash management practices and work towards improving its liquidity position to ensure it can meet its short-term obligations effectively.
Peer comparison
Dec 31, 2024