Quidel Corporation (QDEL)
Quick ratio
| Dec 31, 2023 | Dec 31, 2022 | ||
|---|---|---|---|
| Cash | US$ in thousands | 118,900 | 292,900 |
| Short-term investments | US$ in thousands | 48,400 | 52,100 |
| Receivables | US$ in thousands | 442,200 | 492,500 |
| Total current liabilities | US$ in thousands | 833,800 | 1,007,000 |
| Quick ratio | 0.73 | 0.83 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($118,900K
+ $48,400K
+ $442,200K)
÷ $833,800K
= 0.73
Peer comparison
Dec 31, 2023
Company name
Symbol
Quick ratio
Quidel Corporation
QDEL
0.73
IDEXX Laboratories Inc
IDXX
0.98
Lantheus Holdings Inc
LNTH
5.33
Myriad Genetics Inc
MYGN
1.64
Neogen Corporation
NEOG
2.74