Quidel Corporation (QDEL)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | 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 |
| Receivables | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 998,800 | 833,800 | 1,007,000 | 323,520 | 336,961 |
| Quick ratio | 0.15 | 0.20 | 0.34 | 2.56 | 1.45 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($98,300K
+ $48,400K
+ $—K)
÷ $998,800K
= 0.15
The quick ratio of Quidel Corporation has exhibited significant fluctuations over the years. As of December 31, 2020, the quick ratio stood at a healthy 1.45, indicating that the company had an adequate level of liquid assets to cover its current liabilities. This ratio improved significantly by December 31, 2021, reaching 2.56, suggesting even stronger liquidity position.
However, the quick ratio experienced a sharp decline by December 31, 2022, dropping to a mere 0.34. This substantial decrease may raise concerns regarding the company's ability to meet its short-term obligations using its most liquid assets. The ratio further deteriorated by December 31, 2023, falling to 0.20, indicating a concerning liquidity position.
By December 31, 2024, the quick ratio decreased even more, reaching 0.15, signaling a further decline in the company's liquidity position. This downward trend in the quick ratio over the years may indicate potential challenges in managing current obligations with available liquid assets.
Overall, the fluctuating quick ratio of Quidel Corporation highlights the importance of monitoring liquidity levels closely to ensure the company can meet its short-term financial obligations effectively.
Peer comparison
Dec 31, 2024