Schrodinger Inc (SDGR)
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 | 147,326 | 160,416 | 108,109 | 130,236 | 161,066 | 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 | 204,798 | 228,263 | 269,180 | 300,843 | 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 |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 191,747 | 111,117 | 99,759 | 106,507 | 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 |
| Quick ratio | 1.84 | 3.50 | 3.78 | 4.05 | 3.51 | 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, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($147,326K
+ $204,798K
+ $—K)
÷ $191,747K
= 1.84
The quick ratio of Schrodinger Inc has shown fluctuating trends over the observed period. The quick ratio started at a high of 6.84 on March 31, 2020, indicating a strong ability to meet short-term obligations with liquid assets. Thereafter, the ratio remained consistently above 5 until December 31, 2022, signaling a strong liquidity position.
However, from March 31, 2023, the quick ratio began to decline, reaching its lowest point of 1.84 on December 31, 2024. This significant decrease may indicate potential liquidity challenges or a decrease in the proportion of highly liquid assets relative to current liabilities.
It is important for Schrodinger Inc to closely monitor its quick ratio and ensure that it maintains a healthy level of liquidity to meet its short-term financial obligations efficiently. A declining quick ratio could potentially raise concerns among investors and creditors about the company's liquidity position.
Peer comparison
Dec 31, 2024