Illumina Inc (ILMN)
Current ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 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 | 4,451,000 | 4,222,000 | 4,156,000 | 4,545,000 |
| Total current liabilities | US$ in thousands | 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 | 665,000 | 619,000 | 612,000 | 1,241,000 |
| Current ratio | 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 | 6.69 | 6.82 | 6.79 | 3.66 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $2,609,000K ÷ $1,570,000K
= 1.66
Illumina Inc's current ratio has shown fluctuations over the past eight quarters, ranging from a low of 0.93 in Q3 2022 to a high of 1.69 in Q3 2023. The current ratio measures the company's ability to meet its short-term obligations with its current assets. A ratio above 1 indicates that Illumina has more current assets than current liabilities, suggesting a strong ability to pay off its short-term debts. The recent ratios above 1.40 in Q2 2023 and Q3 2023 were particularly positive, indicating a healthy liquidity position. However, the ratio decreased in Q4 2023 to 1.66, which, although still above 1, may warrant further monitoring to ensure the company's short-term financial health is maintained.
Peer comparison
Dec 31, 2023