Illumina Inc (ILMN)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 2,746,000 | 2,609,000 | 3,561,000 | 2,713,000 | 4,483,000 |
| Total current liabilities | US$ in thousands | 1,547,000 | 1,570,000 | 2,773,000 | 1,093,000 | 1,244,000 |
| Current ratio | 1.78 | 1.66 | 1.28 | 2.48 | 3.60 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $2,746,000K ÷ $1,547,000K
= 1.78
The current ratio of Illumina Inc has exhibited a downward trend in recent years. As of December 31, 2020, the company had a high current ratio of 3.60, indicating a strong ability to cover its short-term obligations with its current assets. However, this ratio gradually decreased to 2.48 by December 31, 2021, suggesting a slight weakening in its short-term liquidity position.
Subsequently, Illumina Inc's current ratio declined further to 1.28 by December 31, 2022, reflecting a significant reduction in its ability to meet its current liabilities with current assets. However, there was a slight improvement in the ratio to 1.66 by December 31, 2023, indicating a partial recovery in its short-term liquidity position.
As of December 31, 2024, the current ratio of Illumina Inc stood at 1.78, showing a continued but modest improvement compared to the previous year. Overall, the fluctuating current ratio of the company over the years suggests varying levels of liquidity and efficiency in managing its short-term obligations with available current assets.
Peer comparison
Dec 31, 2024