Moderna Inc (MRNA)

Cash ratio

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 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Cash and cash equivalents US$ in thousands 2,907,000 2,932,000 3,801,000 3,441,000 3,205,000 3,027,000 2,873,000 5,048,000 6,848,000 5,550,000 5,603,000 5,442,000 2,624,000 1,506,000 1,762,000 392,000 236,000 173,711 151,624 502,934
Short-term investments US$ in thousands 5,697,000 4,641,000 4,658,000 5,482,000 6,697,000 5,321,000 5,024,000 5,067,000 3,879,000 3,356,000 2,387,000 2,293,000 1,983,760 1,770,720 955,384 825,981 867,124 884,829 918,722 605,990
Total current liabilities US$ in thousands 3,015,000 4,385,000 3,123,000 3,499,000 4,923,000 6,807,000 6,812,000 9,238,000 9,128,000 9,957,000 8,840,000 8,441,000 4,389,000 1,473,560 161,647 134,582 143,115 147,842 161,987 159,159
Cash ratio 2.85 1.73 2.71 2.55 2.01 1.23 1.16 1.09 1.18 0.89 0.90 0.92 1.05 2.22 16.81 9.05 7.71 7.16 6.61 6.97

December 31, 2023 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($2,907,000K + $5,697,000K) ÷ $3,015,000K
= 2.85

The cash ratio of Moderna Inc has shown a consistent upward trend over the past quarters, indicating a strengthening liquidity position. The cash ratio, which measures the company's ability to cover its short-term liabilities with its cash and cash equivalents, has improved from 1.15 in Q1 2022 to 3.00 in Q4 2023.

A cash ratio of 3.00 in Q4 2023 means that Moderna Inc had $3.00 in cash and cash equivalents for every $1.00 of short-term liabilities, highlighting the company's strong liquidity position at the end of the year. This implies that the company has a sufficient amount of cash to meet its short-term obligations without relying heavily on external sources of funding.

Overall, the increasing trend in Moderna Inc's cash ratio indicates that the company has been effectively managing its cash resources, which bodes well for its financial stability and ability to navigate unforeseen challenges in the future.


Peer comparison

Dec 31, 2023


See also:

Moderna Inc Cash Ratio (Quarterly Data)