Regenxbio Inc (RGNX)

Quick ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash	US$ in thousands	34,522	96,952	345,209	338,426	69,514
Short-term investments	US$ in thousands	279,578	468,248	504,091	184,074	330,486
Receivables	US$ in thousands	24,790	28,082	32,439	42,999	38,148
Total current liabilities	US$ in thousands	130,272	130,434	130,472	81,447	33,676
Quick ratio		2.60	4.55	6.76	6.94	13.01

December 31, 2023 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($34,522K + $279,578K + $24,790K) ÷ $130,272K
= 2.60

The quick ratio of Regenxbio Inc has been fluctuating over the past five years, indicating the company's liquidity position. The quick ratio measures the company's ability to meet its short-term obligations using its most liquid assets.

In 2023, the quick ratio decreased to 2.57 from 3.19 in 2022. This decline could suggest a decrease in the company's ability to cover its short-term liabilities with its quick assets. However, a quick ratio of 2.57 still indicates that Regenxbio Inc is able to meet its short-term obligations comfortably.

Comparing to the previous years, the quick ratio was higher in 2021 at 3.98, followed by 6.52 in 2020, and 10.25 in 2019. These higher ratios reflect a stronger liquidity position in those years, with the ability to cover short-term liabilities with quick assets multiple times over.

Overall, the declining trend in the quick ratio over the past few years may suggest a slight weakening in the company's short-term liquidity position, but the current ratio of 2.57 still indicates a healthy ability to meet short-term obligations. Further analysis of the company's current assets and liabilities would provide a more comprehensive understanding of its liquidity position.