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