Repligen Corporation (RGEN)

Current 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
Total current assets US$ in thousands 783,964 1,131,570 1,158,920 1,133,020 1,111,040 978,456 998,583 1,018,800 998,118 953,233 975,995 944,789 931,677 910,854 983,830 926,335 902,382 696,728 687,157 651,378
Total current liabilities US$ in thousands 126,787 108,366 174,307 178,315 158,162 363,364 373,583 405,321 404,196 410,696 423,522 424,333 375,262 349,439 332,342 313,328 318,956 50,984 44,401 41,853
Current ratio 6.18 10.44 6.65 6.35 7.02 2.69 2.67 2.51 2.47 2.32 2.30 2.23 2.48 2.61 2.96 2.96 2.83 13.67 15.48 15.56

December 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $783,964K ÷ $126,787K
= 6.18

The current ratio of Repligen Corporation has shown a steady decline from a high of 15.56 in March 2020 to a low of 2.23 in March 2022. This indicates that the company's liquidity position deteriorated over the period. However, from March 2023 to December 2023, the current ratio increased significantly from 2.51 to 7.02, suggesting an improvement in the company's ability to meet its short-term obligations. Despite a slight decline in the current ratio in the following quarter, Repligen Corporation maintained a relatively stable current ratio around 6.18 to 10.44 between December 2024 and September 2024. Overall, a current ratio above 1 indicates that the company has more current assets than current liabilities, which is generally considered a positive indicator of financial health.