Repligen Corporation (RGEN)
Quick ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 751,323 | 523,458 | 603,814 | 717,292 | 528,392 |
| Short-term investments | US$ in thousands | — | 100,299 | — | — | — |
| Receivables | US$ in thousands | 124,161 | 116,200 | 117,420 | 71,389 | 43,672 |
| Total current liabilities | US$ in thousands | 158,162 | 404,196 | 375,262 | 318,956 | 48,313 |
| Quick ratio | 5.54 | 1.83 | 1.92 | 2.47 | 11.84 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($751,323K
+ $—K
+ $124,161K)
÷ $158,162K
= 5.54
The quick ratio of Repligen Corp. has shown significant fluctuations over the past five years. In 2019, the quick ratio was exceptionally high at 11.96, indicating a strong ability to meet short-term obligations with liquid assets. However, the quick ratio dropped significantly in 2020 to 2.53, suggesting a decrease in the company's short-term liquidity.
In 2021 and 2022, the quick ratio remained relatively stable at 1.99 and 1.88, respectively, indicating that the company's ability to cover immediate liabilities with liquid assets was consistent. Notably, in 2023, the quick ratio saw a substantial increase to 5.75, reflecting a notable improvement in liquidity compared to the previous years.
Overall, the trend in Repligen Corp.'s quick ratio suggests some volatility in short-term liquidity levels, with fluctuations possibly influenced by changes in the company's current assets and liabilities management strategies. Monitoring this ratio over time can provide insights into the company's liquidity position and its ability to meet short-term financial obligations effectively.
Peer comparison
Dec 31, 2023