Moderna Inc (MRNA)
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 | 8,099,000 | 9,666,000 | 9,661,000 | 9,600,000 | 10,325,000 | 10,799,000 | 10,599,000 | 12,122,000 | 13,431,000 | 14,297,000 | 13,563,000 | 16,350,000 | 16,071,000 | 13,425,000 | 10,969,000 | 11,703,000 | 6,298,000 | 3,577,210 | 2,796,740 | 1,249,940 |
| Total current liabilities | US$ in thousands | 2,206,000 | 2,201,000 | 2,363,000 | 2,380,000 | 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 |
| Current ratio | 3.67 | 4.39 | 4.09 | 4.03 | 3.42 | 2.46 | 3.39 | 3.46 | 2.73 | 2.10 | 1.99 | 1.77 | 1.76 | 1.35 | 1.24 | 1.39 | 1.43 | 2.43 | 17.30 | 9.29 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $8,099,000K ÷ $2,206,000K
= 3.67
The current ratio of Moderna Inc has been fluctuating over the given period. Starting at a very high level of 9.29 as of March 31, 2020, it indicated that the company had significantly more current assets than current liabilities, suggesting a strong short-term liquidity position. However, the ratio experienced a substantial decline by June 30, 2020, reaching 17.30, which could be indicative of varying business operations or financial management decisions.
Throughout the subsequent quarters, the current ratio decreased notably, dropping to 2.43 by September 30, 2020, and further declining to 1.43 by December 31, 2020. These lower ratios may signify a decrease in the company's ability to cover its short-term obligations using its current assets.
Over the following quarters, the ratio continued to fluctuate within a range between 1.24 and 4.09. Although there were periods of improvement in the ratio, such as reaching 4.09 by June 30, 2024, it is essential to note that a higher current ratio is not always advantageous as it may indicate an inefficient utilization of current assets.
The latest available data as of December 31, 2024, shows a current ratio of 3.67, indicating that the company had $3.67 of current assets for every dollar of current liabilities. This suggests a moderate improvement in the short-term liquidity position of Moderna Inc compared to the earlier periods.
Overall, the varying trends in Moderna Inc's current ratio reflect changes in its liquidity and ability to meet short-term obligations over the given period. A comprehensive evaluation of the company's financial health should consider additional factors and ratios in conjunction with the current ratio.
Peer comparison
Dec 31, 2024