Quidel Corporation (QDEL)
Quick ratio
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | ||
|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 118,900 | 149,300 | 178,600 | 353,900 | 292,900 | 212,200 | 379,000 |
| Short-term investments | US$ in thousands | 48,400 | 43,900 | 45,100 | 42,800 | 52,100 | 51,800 | 52,500 |
| Receivables | US$ in thousands | 442,200 | 466,700 | 367,300 | — | 492,500 | — | — |
| Total current liabilities | US$ in thousands | 833,800 | 860,000 | 790,000 | 907,800 | 1,007,000 | 872,700 | 900,000 |
| Quick ratio | 0.73 | 0.77 | 0.75 | 0.44 | 0.83 | 0.30 | 0.48 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($118,900K
+ $48,400K
+ $442,200K)
÷ $833,800K
= 0.73
The quick ratio of Quidel Corporation has shown fluctuations over the past several quarters, ranging from a low of 0.30 to a high of 0.83. A quick ratio below 1 indicates that the company may have difficulties meeting its short-term financial obligations using its most liquid assets such as cash and accounts receivable.
In the most recent quarter of Dec 31, 2023, the quick ratio improved to 0.73 from the previous quarter of 0.44, suggesting a better ability to cover its current liabilities with liquid assets. However, the quick ratio is still below 1, indicating potential liquidity concerns.
It is important for stakeholders to monitor the trend of the quick ratio over time to assess the company's liquidity position and ability to meet its short-term obligations. Further analysis of the components of current assets and current liabilities may provide insights into the underlying reasons for the fluctuations in the quick ratio.
Peer comparison
Dec 31, 2023