Quidel Corporation (QDEL)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,218,900 | 1,310,500 | 1,575,100 | 1,440,310 | 1,142,400 |
| Total current liabilities | US$ in thousands | 998,800 | 833,800 | 1,007,000 | 323,520 | 336,961 |
| Current ratio | 1.22 | 1.57 | 1.56 | 4.45 | 3.39 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,218,900K ÷ $998,800K
= 1.22
The current ratio of Quidel Corporation has shown fluctuations over the past five years. As of December 31, 2020, the current ratio was 3.39, indicating a healthy liquidity position. The ratio improved significantly to 4.45 by December 31, 2021, suggesting the company had ample current assets to cover its short-term liabilities.
However, there was a notable decline in the current ratio to 1.56 by December 31, 2022, followed by a slight increase to 1.57 by December 31, 2023. This indicates a potential strain on the company's short-term liquidity position during these years.
By December 31, 2024, the current ratio further decreased to 1.22, signaling a tighter liquidity position compared to the previous years. It's crucial for Quidel Corporation to closely monitor its current assets and liabilities to ensure it can meet its short-term obligations effectively in the future.
Peer comparison
Dec 31, 2024