Neurocrine Biosciences Inc (NBIX)

Current 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
Total current assets	US$ in thousands	1,607,000	1,649,900	1,496,600	1,432,800	1,453,500	1,205,500	1,019,300	1,018,200	972,800	1,005,700	1,110,100	1,085,400	1,016,200	1,156,900	1,146,200	968,200	831,000	819,232	748,808	633,192
Total current liabilities	US$ in thousands	654,800	691,600	582,500	374,100	537,700	485,100	285,700	253,500	245,800	225,900	212,900	190,000	186,500	611,000	573,000	140,300	565,300	115,652	100,589	72,003
Current ratio		2.45	2.39	2.57	3.83	2.70	2.49	3.57	4.02	3.96	4.45	5.21	5.71	5.45	1.89	2.00	6.90	1.47	7.08	7.44	8.79

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $1,607,000K ÷ $654,800K
= 2.45

The current ratio of Neurocrine Biosciences, Inc. has displayed fluctuating trends over the past eight quarters. The ratio ranged from a low of 2.39 in Q3 2023 to a high of 4.02 in Q1 2022, indicating variability in the company's short-term liquidity position.

In general, a current ratio above 1.0 indicates that a company has more current assets than current liabilities, suggesting a strong ability to meet its short-term obligations. Neurocrine Biosciences, Inc.'s current ratio has consistently been above 1.0 across all quarters, reflecting a positive liquidity position.

The quarter with the highest current ratio was Q1 2022 at 4.02, suggesting that the company had a strong ability to cover its current liabilities with its current assets during that period. On the other hand, the lowest current ratio was observed in Q3 2023 at 2.39, implying a relatively lower liquidity position compared to other quarters.

Overall, while the current ratio of Neurocrine Biosciences, Inc. has fluctuated over the past two years, it has generally remained above 1.0, indicating a relatively healthy short-term liquidity position.