Quidel Corporation (QDEL)
Cash 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 and cash equivalents | US$ in thousands | 98,300 | 143,700 | 107,000 | 78,500 | 118,900 | 149,300 | 178,600 | 353,900 | 292,900 | 212,200 | 379,000 | 1,275,540 | 802,751 | 578,447 | 593,224 | 981,052 | 489,941 | 77,547 | 72,589 | 108,770 |
| Short-term investments | US$ in thousands | 0 | 0 | 200 | 300 | 48,400 | 43,900 | 45,100 | 42,800 | 52,100 | 51,800 | 52,500 | 44,270 | 25,758 | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 998,800 | 1,027,300 | 932,400 | 779,800 | 833,800 | 860,000 | 790,000 | 907,800 | 1,007,000 | 872,700 | 900,000 | 492,656 | 323,520 | 297,088 | 269 | 366,936 | 336,961 | 207,886 | 182,978 | 136,196 |
| Cash ratio | 0.10 | 0.14 | 0.11 | 0.10 | 0.20 | 0.22 | 0.28 | 0.44 | 0.34 | 0.30 | 0.48 | 2.68 | 2.56 | 1.95 | 2,205.29 | 2.67 | 1.45 | 0.37 | 0.40 | 0.80 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($98,300K
+ $0K)
÷ $998,800K
= 0.10
The cash ratio of Quidel Corporation has shown fluctuations over the past few years, indicating the company's ability to cover its short-term obligations with cash and cash equivalents. The ratio was consistently below 1.0 from March 2020 to September 2021, suggesting that the company may have had difficulty meeting its immediate liabilities solely from cash on hand during that period.
Starting from December 2021, the cash ratio increased significantly, reaching its peak in June 2021 at 2,205.29, indicating a substantial improvement in the company's liquidity position. However, this spike seems unrealistic and may be a result of an anomaly in the data.
Subsequently, the cash ratio fluctuated between 0.10 and 2.68 from March 2022 to June 2024, with the ratio generally staying below 1.0. This suggests that while Quidel Corporation may have improved its liquidity compared to earlier periods, there may still be a reliance on other sources of funding to meet short-term obligations.
Overall, the trend in Quidel Corporation's cash ratio indicates some variability in its ability to cover short-term liabilities with available cash, suggesting the company's liquidity position may have improved but remained relatively volatile over the analyzed period.
Peer comparison
Dec 31, 2024