Myriad Genetics Inc (MYGN)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 102,400 | 99,900 | 92,400 | 96,900 | 132,100 | 76,000 | 102,800 | 53,600 | 56,900 | 110,700 | 105,200 | 165,200 | 258,400 | 295,200 | 118,400 | 148,900 | 117,000 | 118,300 | 163,700 | 121,000 |
| Short-term investments | US$ in thousands | 0 | 0 | 4,900 | 7,400 | 8,800 | 10,300 | 18,800 | 25,100 | 58,000 | 82,500 | 99,900 | 103,200 | 81,400 | 70,900 | 46,000 | 27,200 | 33,700 | 42,100 | 54,100 | 60,500 |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 164,100 | 154,300 | 148,900 | 146,100 | 155,900 | 209,300 | 221,100 | 143,300 | 137,200 | 129,100 | 119,700 | 166,000 | 204,300 | 203,200 | 271,000 | 149,000 | 145,900 | 133,700 | 147,000 | 113,200 |
| Quick ratio | 0.62 | 0.65 | 0.65 | 0.71 | 0.90 | 0.41 | 0.55 | 0.55 | 0.84 | 1.50 | 1.71 | 1.62 | 1.66 | 1.80 | 0.61 | 1.18 | 1.03 | 1.20 | 1.48 | 1.60 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($102,400K
+ $0K
+ $—K)
÷ $164,100K
= 0.62
The quick ratio of Myriad Genetics Inc has displayed fluctuations over the years, indicating changes in the company's short-term liquidity position. The quick ratio, which measures the ability of a company to meet its short-term obligations with its most liquid assets, stood at 1.60 as of March 31, 2020, reflecting a favorable liquidity position.
Subsequently, the quick ratio decreased to 0.61 as of June 30, 2021, indicating a potential liquidity strain. However, the ratio improved to 1.80 as of September 30, 2021, suggesting better short-term liquidity management.
Thereafter, the quick ratio fluctuated between 0.41 and 1.71 up to June 30, 2022, before declining to 0.84 by December 31, 2022, indicating a decrease in the ability to cover short-term obligations.
As of December 31, 2024, the quick ratio reached 0.62, indicating a slight improvement in short-term liquidity compared to the ratios observed in 2023. Overall, the company's quick ratio demonstrates varying levels of short-term liquidity over the analyzed period, suggesting fluctuations in managing short-term obligations with its liquid assets.
Peer comparison
Dec 31, 2024