Vericel Corp Ord (VCEL)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 74,520 | 69,088 | 51,067 | 68,330 | 33,620 |
| Short-term investments | US$ in thousands | 41,693 | 40,469 | 68,471 | 35,068 | 42,187 |
| Receivables | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 50,286 | 45,749 | 37,463 | 26,052 | 22,483 |
| Quick ratio | 2.31 | 2.39 | 3.19 | 3.97 | 3.37 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($74,520K
+ $41,693K
+ $—K)
÷ $50,286K
= 2.31
The quick ratio of Vericel Corp Ord has exhibited fluctuations over the past five years. Starting at 3.37 in December 2020, the ratio increased to 3.97 by December 2021, indicating a strong ability to cover its current liabilities with its most liquid assets. However, there was a slight decrease in the ratio to 3.19 by December 2022, followed by a more noticeable decline to 2.39 by December 2023 and a further drop to 2.31 by December 2024.
While the quick ratio remains above 1, suggesting that Vericel Corp Ord still has an adequate level of liquid assets to meet its short-term obligations, the decreasing trend may raise concerns about the company's liquidity position. It is important for stakeholders to monitor this ratio closely to ensure that the company can continue to fulfill its financial obligations effectively.
Peer comparison
Dec 31, 2024