Schrodinger Inc (SDGR)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 634,993 | 567,796 | 533,989 | 625,060 | 682,978 |
| Total current liabilities | US$ in thousands | 191,747 | 133,673 | 108,799 | 91,211 | 73,205 |
| Current ratio | 3.31 | 4.25 | 4.91 | 6.85 | 9.33 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $634,993K ÷ $191,747K
= 3.31
Schrodinger Inc's current ratio has shown a declining trend over the past five years. The current ratio stood at 9.33 on December 31, 2020, indicating a strong liquidity position with current assets significantly covering current liabilities. However, this ratio has decreased steadily to 6.85 in 2021, 4.91 in 2022, 4.25 in 2023, and 3.31 in 2024.
The decreasing current ratio suggests a weakening liquidity position over time, implying that the company may face challenges in meeting its short-term obligations with its current assets. It is crucial for Schrodinger Inc to closely monitor and manage its liquidity position to ensure it can meet its short-term liabilities effectively. Further analysis of the company's current assets and liabilities is necessary to understand the factors contributing to this declining trend in the current ratio.
Peer comparison
Dec 31, 2024