Innoviva Inc (INVA)

Current 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
Total current assets US$ in thousands 554,306 400,621 358,277 311,342 344,219 304,999 323,538 296,446 443,511 371,878 400,328 317,823 313,673 236,928 148,261 372,933 342,058 572,041 500,193 466,907
Total current liabilities US$ in thousands 236,083 223,750 28,206 29,879 38,134 36,183 39,398 38,137 38,775 36,653 125,908 13,211 5,807 3,125 5,371 3,804 6,110 3,898 5,414 2,798
Current ratio 2.35 1.79 12.70 10.42 9.03 8.43 8.21 7.77 11.44 10.15 3.18 24.06 54.02 75.82 27.60 98.04 55.98 146.75 92.39 166.87

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 fluctuated over the periods provided. It started at a very high level in March 2020 of 166.87, indicating a strong ability to cover its short-term obligations with its current assets. However, this ratio decreased significantly by June 2022 to 3.18, suggesting a potential liquidity issue or a change in the company's current asset composition.

Subsequently, the current ratio fluctuated within a range of 3.18 to 12.70 until December 2024. These fluctuations may signal changes in the company's current assets and current liabilities over time, impacting its short-term liquidity position.

Overall, the current ratio trend for Innoviva Inc shows significant variability, with some periods indicating strong liquidity and others pointing to potential challenges in meeting short-term obligations. It is important for stakeholders to further investigate the reasons behind these fluctuations to assess the company's overall financial health.