Schrodinger Inc (SDGR)

Current 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
Total current assets	US$ in thousands	567,796	547,761	591,962	603,734	533,989	524,201	556,872	586,168	625,060	622,025	649,788	675,238	682,978	621,114	307,014	312,815
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
Current ratio		4.25	5.21	5.54	4.89	4.91	5.90	6.51	6.85	6.85	8.53	9.23	9.99	9.33	15.81	7.13	7.42

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $567,796K ÷ $133,673K
= 4.25

The current ratio of Schrodinger Inc has shown a declining trend over the past few quarters. It decreased from 6.85 in Q1 2022 to 4.25 in Q4 2023. This indicates that the company's current assets may not be as sufficient to cover its current liabilities as they were in previous periods. However, it is important to note that the current ratio remained above 1 in all the quarters, indicating that the company still has more than enough current assets to meet its short-term obligations. The fluctuation in the current ratio may be due to changes in the composition of current assets and current liabilities, as well as changes in the company's operating performance and liquidity position. Monitoring this ratio over time will be crucial to assess the company's ability to manage its short-term financial obligations effectively.