Repligen Corporation (RGEN)
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 | 757,355 | 783,964 | 809,146 | 780,617 | 751,323 | 630,779 | 603,656 | 516,609 | 523,458 | 573,363 | 596,512 | 584,640 | 603,814 | 621,098 | 734,327 | 711,318 | 717,292 | 553,302 | 560,364 | 529,525 |
| Short-term investments | US$ in thousands | — | — | 809,146 | 1,502,650 | 0 | 0 | 0 | 101,409 | 100,299 | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Quick ratio | 5.97 | 7.23 | 9.28 | 12.80 | 4.75 | 1.74 | 1.62 | 1.52 | 1.54 | 1.40 | 1.41 | 1.38 | 1.61 | 1.78 | 2.21 | 2.27 | 2.25 | 10.85 | 12.62 | 12.65 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($757,355K
+ $—K
+ $—K)
÷ $126,787K
= 5.97
The quick ratio of Repligen Corporation has shown fluctuations over the analyzed period. Starting at a very strong level of 12.65 as of March 31, 2020, the ratio remained consistently high until the end of June 2020. However, from September 2020 onwards, there was a notable decline in the quick ratio, indicating a reduction in the company's ability to meet its short-term obligations with its most liquid assets.
The sharp drop in the quick ratio from December 2020 to March 2021, falling to 2.25, raised concerns about Repligen's liquidity position. Subsequently, the ratio fluctuated around the 2 mark until June 2022, indicating some stabilization in the company's ability to cover its short-term liabilities with its quick assets.
From September 2022 to December 2023, the quick ratio declined gradually, suggesting a weakening liquidity position during this period. Notably, there was a substantial increase in the ratio to 12.80 as of March 31, 2024, indicating a significant improvement in the company's ability to meet short-term obligations with its liquid assets.
However, this improvement seemed temporary as the quick ratio dropped to 9.28 by June 30, 2024, and continued to decrease in the subsequent quarters, reaching 5.97 by December 31, 2024. This downward trend raises questions about Repligen Corporation's ability to cover its short-term liabilities with its quick assets in the near future.
In conclusion, while there have been periods of both strength and weakness in Repligen Corporation's quick ratio, the overall trend suggests some volatility in the company's liquidity position, emphasizing the importance of closely monitoring this ratio to assess its financial health accurately.
Peer comparison
Dec 31, 2024