Schrodinger Inc (SDGR)

Cash ratio

		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 and cash equivalents	US$ in thousands	155,315	249,378	285,963	233,206	90,474	102,817	127,319	117,257	120,267	160,879	117,699	133,122	202,296	210,490	110,380	144,749
Short-term investments	US$ in thousands	307,688	246,905	262,710	294,482	360,613	370,739	382,246	408,275	456,212	436,307	495,892	515,372	440,395	388,494	173,646	143,505
Total current liabilities	US$ in thousands	133,673	105,038	106,802	123,407	108,799	88,821	85,590	85,532	91,211	72,916	70,378	67,621	73,205	39,276	43,048	42,166
Cash ratio		3.46	4.72	5.14	4.28	4.15	5.33	5.95	6.14	6.32	8.19	8.72	9.59	8.78	15.25	6.60	6.84

December 31, 2023 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($155,315K + $307,688K) ÷ $133,673K
= 3.46

The cash ratio measures a company's ability to cover its short-term liabilities with cash and cash equivalents. A higher cash ratio indicates a stronger ability to meet these obligations without relying on other sources of liquidity.

Schrodinger Inc's cash ratio has fluctuated over the past eight quarters, ranging from 3.54 to 6.28. The highest cash ratio was observed in Q2 2022 at 6.28, indicating a peak level of liquidity relative to short-term liabilities during that period. Conversely, the lowest cash ratio of 3.54 was recorded in Q4 2023, suggesting a relatively lower ability to cover short-term obligations with cash at that time.

Overall, Schrodinger Inc's cash ratio has shown some variability, with fluctuations indicating changes in the company's liquidity position over time. Further analysis and comparison with industry peers would provide additional insights into the company's cash management practices and financial health.