Supernus Pharmaceuticals Inc (SUPN)

Quick 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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Cash	US$ in thousands	75,054	94,985	24,706	58,442	93,120	111,492	173,428	115,715	203,434	215,281	223,771	255,642	288,640	204,293	210,975	225,767	181,381	116,889	87,344	122,778
Short-term investments	US$ in thousands	179,820	105,204	126,950	170,126	368,214	280,297	187,359	196,485	136,246	228,571	186,070	135,459	133,893	147,657	163,839	175,104	165,692	179,808	171,222	170,165
Receivables	US$ in thousands	—	141,764	136,556	143,568	165,497	164,086	158,063	145,149	148,932	133,676	137,275	127,065	140,877	133,107	126,559	119,195	87,332	86,699	84,564	79,950
Total current liabilities	US$ in thousands	290,196	287,534	252,590	731,545	687,958	725,987	735,536	284,558	315,379	234,711	283,447	240,812	245,108	299,606	269,276	168,335	160,587	149,717	143,971	151,706
Quick ratio		0.88	1.19	1.14	0.51	0.91	0.77	0.71	1.61	1.55	2.46	1.93	2.15	2.30	1.62	1.86	3.09	2.71	2.56	2.38	2.46

December 31, 2023 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($75,054K + $179,820K + $—K) ÷ $290,196K
= 0.88

The quick ratio of Supernus Pharmaceuticals Inc has shown volatility over the past eight quarters, ranging from a low of 0.53 in Q1 2023 to a high of 1.69 in Q1 2022. This ratio measures the company's ability to meet its short-term obligations using its most liquid assets, excluding inventory.

A quick ratio above 1 indicates that the company has an adequate level of liquid assets to cover its short-term liabilities. Supernus Pharmaceuticals Inc has generally maintained a healthy quick ratio above 1, with the highest level recorded in Q1 2022 at 1.69.

However, the quick ratio dipped significantly in Q1 2023 to 0.53, which may raise concerns about the company's ability to meet its short-term obligations using its readily available resources. It is important to monitor trends in the quick ratio over time to assess the company's liquidity position and ability to weather short-term financial challenges.