Quidel Corporation (QDEL)
Cash ratio
| Dec 31, 2023 | Dec 31, 2022 | ||
|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 118,900 | 292,900 |
| Short-term investments | US$ in thousands | 48,400 | 52,100 |
| Total current liabilities | US$ in thousands | 833,800 | 1,007,000 |
| Cash ratio | 0.20 | 0.34 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($118,900K
+ $48,400K)
÷ $833,800K
= 0.20
Peer comparison
Dec 31, 2023
Company name
Symbol
Cash ratio
Quidel Corporation
QDEL
0.20
IDEXX Laboratories Inc
IDXX
0.48
Lantheus Holdings Inc
LNTH
3.81
Myriad Genetics Inc
MYGN
0.90
Neogen Corporation
NEOG
1.69