Innoviva Inc (INVA)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 554,306 | 344,219 | 443,511 | 313,673 | 342,058 |
| Total current liabilities | US$ in thousands | 236,083 | 38,134 | 38,775 | 5,807 | 6,110 |
| Current ratio | 2.35 | 9.03 | 11.44 | 54.02 | 55.98 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $554,306K ÷ $236,083K
= 2.35
The current ratio of Innoviva Inc has shown a declining trend over the years, decreasing from 55.98 in December 2020 to 2.35 in December 2024. This indicates a significant decrease in the company's ability to cover its short-term obligations with its current assets. A current ratio below 1 suggests potential liquidity issues and may raise concerns about the company's ability to meet its short-term financial obligations. Innoviva Inc needs to carefully monitor its liquidity position and consider strategies to improve its current ratio for better financial stability.
Peer comparison
Dec 31, 2024