Quidel Corporation (QDEL)
Current ratio
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | ||
|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,310,500 | 1,371,300 | 1,308,100 | 1,498,900 | 1,575,100 | 1,445,200 | 1,559,100 |
| Total current liabilities | US$ in thousands | 833,800 | 860,000 | 790,000 | 907,800 | 1,007,000 | 872,700 | 900,000 |
| Current ratio | 1.57 | 1.59 | 1.66 | 1.65 | 1.56 | 1.66 | 1.73 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,310,500K ÷ $833,800K
= 1.57
The current ratio of Quidel Corporation has exhibited some fluctuation over the past seven quarters. The ratio has ranged from a low of 1.56 in December 2022 to a high of 1.73 in June 2022. Overall, the current ratio has generally remained above 1.5, indicating that the company has a healthy level of current assets relative to its current liabilities.
The slight variation in the current ratio over the quarters may suggest some fluctuations in the company's liquidity position, with potential impacts on its ability to meet its short-term obligations. It is important to continue monitoring this ratio in conjunction with other liquidity and financial performance metrics to gain a more comprehensive understanding of Quidel Corporation's financial health.
Peer comparison
Dec 31, 2023