Vericel Corp Ord (VCEL)

Cash 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 and cash equivalents	US$ in thousands	74,520	53,681	75,854	70,742	86,866	60,473	43,023	61,834	51,067	65,216	56,054	55,659	68,330	54,553	51,761	58,154	33,620	43,507	55,704	45,623
Short-term investments	US$ in thousands	41,693	48,053	52,217	47,710	40,469	44,870	54,808	57,442	68,471	45,724	44,638	44,888	35,068	43,738	39,214	25,402	42,187	42,035	25,086	35,957
Total current liabilities	US$ in thousands	50,286	41,346	43,863	36,470	45,749	35,946	35,611	28,753	37,463	27,004	25,014	21,731	26,052	18,828	23,863	23,230	22,483	21,313	18,121	20,750
Cash ratio		2.31	2.46	2.92	3.25	2.78	2.93	2.75	4.15	3.19	4.11	4.03	4.63	3.97	5.22	3.81	3.60	3.37	4.01	4.46	3.93

December 31, 2024 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($74,520K + $41,693K) ÷ $50,286K
= 2.31

Vericel Corp Ord's cash ratio has shown fluctuations over the past few years, ranging from a low of 2.31 to a high of 5.22. The cash ratio measures the company's ability to cover its short-term obligations with its cash and cash equivalents. A higher cash ratio indicates a stronger ability to meet short-term obligations.

Looking at the historical trend, the cash ratio has generally been above 3, indicating that Vericel Corp Ord has maintained a healthy level of liquidity to cover its short-term liabilities. The company experienced a significant increase in its cash ratio in the third quarter of 2021, reaching 5.22, which suggests improved liquidity and the ability to comfortably meet its short-term obligations during that period.

However, there have been instances where the cash ratio dipped below 3, such as in the second quarter of 2023 and the fourth quarter of 2024. This may signal potential liquidity challenges during those periods, requiring closer monitoring of cash flow management.

Overall, the cash ratio for Vericel Corp Ord reflects a generally stable liquidity position with fluctuations that may require further examination to understand the underlying factors influencing the company's cash position.