Illumina Inc (ILMN)

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	2,746,000	2,373,000	2,459,000	2,583,000	2,609,000	2,506,000	3,223,000	3,172,000	3,561,000	2,487,000	2,891,000	2,755,000	2,713,000	2,451,000	5,310,000	5,642,000	4,483,000	4,329,000	4,194,000	4,324,000
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
Current ratio		1.78	2.43	1.11	1.75	1.66	1.69	1.40	1.42	1.28	0.93	1.00	1.85	2.48	2.68	6.08	4.45	3.60	3.88	3.76	4.10

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 fluctuations over the analyzed periods. Initially, from March 31, 2020, to June 30, 2021, the current ratio ranged from a high of 6.08 to a low of 3.76, indicating a strong ability to cover its short-term obligations with its current assets during these quarters. However, the current ratio dropped significantly in the subsequent periods, hitting a low of 0.93 on September 30, 2022.

Although the current ratio recovered somewhat in the later quarters, it still remained below the levels seen in the earlier periods. Overall, the current ratio trended downwards towards the end of the period under review, ending at 1.78 on December 31, 2024. This decreasing trend suggests that Illumina Inc may be facing challenges in managing its current liabilities relative to its current assets, warranting further investigation into the company's liquidity position and potential measures to improve it.