TG Therapeutics Inc (TGTX)

Cash ratio

		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	Dec 31, 2019
Cash and cash equivalents	US$ in thousands	195,822	82,910	75,477	92,933	150,902	97,009	61,469	102,304	109,860	147,073	185,676	298,887	326,512	401,707	471,514	553,439	254,154	260,512	52,051	112,637
Short-term investments	US$ in thousands	145,219	134,342	134,308	124,575	78,257	47,896	78,241	59,374	66,082	48,636	47,525	15,876	30,338	41,752	52,334	51,987	46	15,058	26,284	27,798
Total current liabilities	US$ in thousands	125,114	108,664	99,684	53,720	57,678	72,667	63,076	53,201	36,447	43,326	54,656	65,384	87,655	87,551	92,494	87,554	77,670	67,537	63,118	84,449
Cash ratio		2.73	2.00	2.10	4.05	3.97	1.99	2.21	3.04	4.83	4.52	4.27	4.81	4.07	5.07	5.66	6.91	3.27	4.08	1.24	1.66

September 30, 2024 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($195,822K + $145,219K) ÷ $125,114K
= 2.73

The cash ratio of TG Therapeutics Inc has shown some fluctuations over the past few quarters. The cash ratio measures a company's ability to cover its short-term liabilities with its cash and cash equivalents.

Looking at the data, the cash ratio has generally been above 1, indicating that the company has sufficient cash to cover its short-term obligations. The cash ratio has ranged from 1.24 to 6.91 over the past few years, with the highest values indicating a stronger ability to meet short-term obligations with cash on hand.

Specifically, the cash ratio increased from 1.66 in March 2020 to 6.91 in December 2020, showing a significant improvement in liquidity. However, there were fluctuations in the subsequent quarters, with the ratio ranging between 2.00 and 4.83.

Overall, the cash ratio of TG Therapeutics Inc suggests that the company has generally maintained a healthy level of liquidity, enabling it to meet its short-term obligations comfortably.