Illumina Inc (ILMN)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 1,127,000 | 1,048,000 | 2,011,000 | 1,232,000 | 1,810,000 |
| Short-term investments | US$ in thousands | 93,000 | 6,000 | 26,000 | 107,000 | 1,662,000 |
| Receivables | US$ in thousands | 735,000 | 734,000 | 671,000 | 648,000 | 487,000 |
| Total current liabilities | US$ in thousands | 1,547,000 | 1,570,000 | 2,773,000 | 1,093,000 | 1,244,000 |
| Quick ratio | 1.26 | 1.14 | 0.98 | 1.82 | 3.18 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($1,127,000K
+ $93,000K
+ $735,000K)
÷ $1,547,000K
= 1.26
The quick ratio of Illumina Inc has shown fluctuations over the past five years. As of December 31, 2020, the quick ratio stood at a healthy 3.18, indicating a strong ability to meet short-term obligations using liquid assets. However, by December 31, 2022, the quick ratio decreased to 0.98, signaling a potential liquidity concern as the company may have had difficulty meeting its immediate financial responsibilities with its current liquid assets. The quick ratio improved slightly in the following years, reaching 1.14 by December 31, 2023, and 1.26 by December 31, 2024. While the quick ratio has increased from its lowest point, it may still be below the industry average and warrant further monitoring to ensure the company's ability to meet short-term financial obligations efficiently.
Peer comparison
Dec 31, 2024