Repligen Corporation (RGEN)

Current ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Total current assets	US$ in thousands	1,111,040	998,118	931,677	902,382	641,828
Total current liabilities	US$ in thousands	158,162	404,196	375,262	318,956	48,313
Current ratio		7.02	2.47	2.48	2.83	13.28

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $1,111,040K ÷ $158,162K
= 7.02

The current ratio of Repligen Corp. has fluctuated over the past five years, ranging from a high of 13.28 in 2019 to a low of 2.47 in 2022. In 2023, the current ratio improved significantly to 7.02.

A current ratio above 1.0 indicates that a company has more current assets than current liabilities, which suggests that Repligen Corp. has a strong ability to cover its short-term obligations. A higher current ratio provides a margin of safety for the company in meeting its short-term financial commitments.

It is important to note that the current ratio alone may not provide a complete picture of a company's liquidity position, as it does not consider the quality or composition of current assets. Therefore, it is recommended to analyze the trend of the current ratio along with other liquidity ratios and financial metrics to assess the overall financial health of Repligen Corp.