Quidel Corporation (QDEL)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 98,300 | 118,900 | 292,900 | 802,751 | 489,941 |
| Short-term investments | US$ in thousands | 48,400 | 48,400 | 52,100 | 25,758 | 0 |
| Total current liabilities | US$ in thousands | 998,800 | 833,800 | 1,007,000 | 323,520 | 336,961 |
| Cash ratio | 0.15 | 0.20 | 0.34 | 2.56 | 1.45 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($98,300K
+ $48,400K)
÷ $998,800K
= 0.15
The cash ratio of Quidel Corporation has fluctuated over the past five years. As of December 31, 2020, the cash ratio was 1.45, indicating that the company had $1.45 in cash and cash equivalents for every $1 of current liabilities. This ratio improved significantly to 2.56 by December 31, 2021, suggesting a stronger liquidity position. However, the cash ratio decreased sharply to 0.34 by December 31, 2022, and further dropped to 0.20 by December 31, 2023, signaling potential liquidity challenges. By December 31, 2024, the cash ratio declined to 0.15, underscoring the need for careful management of cash and short-term obligations. The decreasing trend in the cash ratio raises concerns about the company's ability to meet its short-term obligations using its existing cash reserves.
Peer comparison
Dec 31, 2024