Bio-Techne Corp (TECH)

Quick ratio

		Jun 30, 2025	Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021
Cash	US$ in thousands	162,186	151,791	180,571	172,567	199,091
Short-term investments	US$ in thousands	0	1,072	23,739	74,462	32,463
Receivables	US$ in thousands	206,876	241,394	218,468	194,548	145,385
Total current liabilities	US$ in thousands	175,849	159,379	128,509	176,018	152,284
Quick ratio		2.10	2.47	3.29	2.51	2.48

June 30, 2025 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($162,186K + $0K + $206,876K) ÷ $175,849K
= 2.10

The quick ratio of Bio-Techne Corp has exhibited fluctuations over the period from June 30, 2021, to June 30, 2025. As of June 30, 2021, the quick ratio stood at 2.48, indicating that the company's most liquid assets were approximately 2.48 times its current liabilities. This figure increased slightly to 2.51 by June 30, 2022, suggesting a marginal improvement in liquidity and the company's ability to meet short-term obligations without relying on inventory sales.

The main peak in the analyzed period occurred on June 30, 2023, with a quick ratio of 3.29. This notably high ratio signifies an even stronger liquidity position, with more than three times the liquid assets compared to current liabilities, reflecting enhanced short-term financial stability. However, following this peak, the ratio declined to 2.47 as of June 30, 2024, indicating a reduction in liquidity, though it remained well above the typical threshold of 1.0, which generally signifies adequate liquidity.

By June 30, 2025, the quick ratio further decreased to 2.10, representing a continued, albeit moderate, decline in liquidity levels. Despite this decrease, the ratio remains comfortably above unity, implying that the company maintains sufficient liquid assets to meet its short-term liabilities.

Overall, the trend indicates that Bio-Techne Corp has maintained a robust liquidity position throughout the period, with fluctuations reflecting varying liquidity management or changes in asset composition. The ratios consistently suggest a strong short-term financial health, although the downward trend toward 2025 warrants monitoring to assess whether it signals a strategic change or potential liquidity pressures.