NeoGenomics Inc (NEO)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 596,019 | 596,812 | 605,291 | 681,508 | 448,730 |
| Total current liabilities | US$ in thousands | 301,241 | 96,304 | 89,932 | 87,232 | 73,183 |
| Current ratio | 1.98 | 6.20 | 6.73 | 7.81 | 6.13 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $596,019K ÷ $301,241K
= 1.98
The current ratio of NeoGenomics Inc has shown a strong increasing trend over the years, starting at 6.13 in December 31, 2020, and reaching its peak at 7.81 in December 31, 2021. Although there was a slight decrease to 6.73 in December 31, 2022, the ratio remained at a healthy level above 6 in the following years. However, there was a notable drop to 1.98 by December 31, 2024, indicating a potential liquidity concern as the current assets may not be sufficient to cover the current liabilities. This significant decrease in the current ratio warrants a closer examination of NeoGenomics Inc's ability to meet its short-term obligations.