Quidel Corporation (QDEL)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,218,900 | 1,412,600 | 1,341,300 | 1,212,400 | 1,310,500 | 1,371,300 | 1,308,100 | 1,498,900 | 1,575,100 | 1,445,200 | 1,559,100 | 2,113,650 | 1,440,310 | 1,149,060 | 857,946 | 1,282,710 | 1,142,400 | 560,936 | 296,937 | 286,479 |
| 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 |
| Current ratio | 1.22 | 1.38 | 1.44 | 1.55 | 1.57 | 1.59 | 1.66 | 1.65 | 1.56 | 1.66 | 1.73 | 4.29 | 4.45 | 3.87 | 3,189.39 | 3.50 | 3.39 | 2.70 | 1.62 | 2.10 |
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 few years. It increased from 2.10 in March 2020 to 4.45 in December 2021, indicating a strong ability to cover its short-term liabilities with its current assets during this period. However, from June 2022 to December 2024, the current ratio decreased steadily, reaching 1.22 in December 2024.
A current ratio above 1 typically suggests that a company has more current assets than current liabilities, indicating good short-term financial health. While Quidel's current ratio remained above 1 throughout the period analyzed, the declining trend from June 2022 to December 2024 may raise concerns about its ability to meet short-term obligations with current assets alone.
Overall, the analysis of Quidel Corporation's current ratio highlights both strengths and potential challenges in managing its short-term liquidity position.
Peer comparison
Dec 31, 2024