Incyte Corporation (INCY)
Current ratio
| Dec 31, 2024 | Sep 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 3,239,030 | 2,808,710 | 4,849,090 | 4,645,400 | 4,402,660 | 4,264,430 | 3,971,630 | 4,092,850 | 3,821,110 | 3,625,840 | 3,288,090 | 3,118,670 | 2,923,800 | 2,620,060 | 2,449,970 | 2,359,890 | 2,159,420 | 2,077,620 | 1,716,170 | 2,481,490 |
| Total current liabilities | US$ in thousands | 1,641,850 | 1,501,650 | 1,396,450 | 1,240,380 | 1,124,680 | 1,118,770 | 1,006,110 | 1,157,080 | 1,006,600 | 926,674 | 886,163 | 854,308 | 742,712 | 660,324 | 623,881 | 631,195 | 606,202 | 556,513 | 503,412 | 513,340 |
| Current ratio | 1.97 | 1.87 | 3.47 | 3.75 | 3.91 | 3.81 | 3.95 | 3.54 | 3.80 | 3.91 | 3.71 | 3.65 | 3.94 | 3.97 | 3.93 | 3.74 | 3.56 | 3.73 | 3.41 | 4.83 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $3,239,030K ÷ $1,641,850K
= 1.97
The current ratio of Incyte Corporation has exhibited a relatively stable trend over the analyzed periods, fluctuating within a range of 1.87 to 4.83. The current ratio measures the company's ability to meet its short-term obligations with its current assets. From December 31, 2019, to September 30, 2024, the current ratio decreased gradually before experiencing a notable decline from 3.47 on March 31, 2024, to 1.87 on September 30, 2024. This decline may indicate a potential liquidity concern as the company's short-term assets may not be sufficient to cover its short-term liabilities adequately. Further monitoring of the current ratio will be essential to assess Incyte Corporation's liquidity position and financial health.
Peer comparison
Dec 31, 2024