Quidel Corporation (QDEL)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 98,300 | 143,700 | 107,000 | 78,500 | 118,900 | 149,300 | 178,600 | 353,900 | 292,900 | 212,200 | 379,000 | 1,275,540 | 802,751 | 578,447 | 593,224 | 981,052 | 489,941 | 77,547 | 72,589 | 108,770 |
| Short-term investments | US$ in thousands | 0 | 0 | 200 | 300 | 48,400 | 43,900 | 45,100 | 42,800 | 52,100 | 51,800 | 52,500 | 44,270 | 25,758 | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Quick ratio | 0.10 | 0.14 | 0.11 | 0.10 | 0.20 | 0.22 | 0.28 | 0.44 | 0.34 | 0.30 | 0.48 | 2.68 | 2.56 | 1.95 | 2,205.29 | 2.67 | 1.45 | 0.37 | 0.40 | 0.80 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($98,300K
+ $0K
+ $—K)
÷ $998,800K
= 0.10
The quick ratio of Quidel Corporation has shown fluctuations over the quarters analyzed. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets.
The quick ratio was inconsistent over the period, starting at 0.80 in March 2020, decreasing to 0.40 in June 2020, and further dropping to 0.37 in September 2020. However, there was a significant improvement by December 2020, when the quick ratio surged to 1.45. This improvement continued into the first half of 2021, with ratios of 2.67 in March 2021 and 2.56 in December 2021.
Subsequently, the quick ratio declined to 0.48 in June 2022, followed by further decreases to 0.10 by March 2024. This diminishing trend could indicate potential liquidity challenges or a shift in the composition of Quidel's current assets that may affect its short-term solvency.
Overall, the company experienced fluctuations in its quick ratio, highlighting the importance of monitoring liquidity levels to ensure the ability to meet short-term obligations efficiently.
Peer comparison
Dec 31, 2024