Illumina Inc (ILMN)
Quick 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 | 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 |
| Receivables | US$ in thousands | 735,000 | 699,000 | 641,000 | 635,000 | 734,000 | 690,000 | 741,000 | — | 671,000 | — | — | — | 648,000 | — | — | — | — | — | — | — |
| 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 |
| Quick ratio | 1.26 | 1.68 | 0.74 | 1.19 | 1.14 | 1.10 | 1.00 | 0.68 | 0.98 | 0.39 | 0.46 | 0.95 | 1.82 | 1.38 | 4.90 | 3.65 | 2.79 | 2.98 | 2.93 | 3.16 |
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, which measures the company's ability to meet its short-term obligations with its most liquid assets, has fluctuated over the past few years.
From March 31, 2020, to June 30, 2021, the quick ratio remained relatively strong, ranging between 2.93 and 4.90. This indicates the company had a comfortable margin of safety to cover its current liabilities with its quick assets during this period.
However, from September 30, 2021, to June 30, 2022, the quick ratio declined significantly, dropping below 1. This suggests that Illumina Inc may have had difficulty meeting its short-term obligations without relying on potentially less liquid assets.
The quick ratio improved slightly in the following quarters but remained relatively low compared to previous years. As of December 31, 2024, the quick ratio stood at 1.26, indicating a modest improvement in the company's short-term liquidity position.
Overall, the trend in Illumina Inc's quick ratio suggests a period of some liquidity challenges followed by a partial recovery, but the company may still need to monitor its ability to cover short-term obligations with liquid assets closely.
Peer comparison
Dec 31, 2024