Vericel Corp Ord (VCEL)

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	69,088	60,500	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	26,889	36,900	14,000	35,084
Short-term investments	US$ in thousands	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	42,829	37,800	52,047	49,001
Receivables	US$ in thousands	52,756	34,829	33,019	31,259	40,439	27,996	26,964	25,155	30,437	21,710	24,632	23,022	29,204	21,574	19,255	20,671	28,268	15,758	21,084	18,774
Total current liabilities	US$ in thousands	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	18,125	19,795	15,112	12,543	12,941
Quick ratio		3.55	3.90	3.67	5.24	4.27	5.15	5.10	5.78	5.14	6.37	4.84	4.59	4.67	5.03	5.52	5.64	4.95	5.99	6.95	7.95

December 31, 2023 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($69,088K + $40,469K + $52,756K) ÷ $45,749K
= 3.55

Vericel Corp's quick ratio has shown fluctuations over the past eight quarters, ranging from a low of 3.82 to a high of 6.33. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets. A higher quick ratio indicates a stronger liquidity position, as the company has more liquid assets available to cover its current liabilities.

In the most recent quarter, Q4 2023, the quick ratio was 3.82, which was comparatively lower than the previous quarter but still significantly higher than the industry average. This suggests that Vericel Corp may have relatively less liquidity to cover its short-term liabilities in the most recent quarter.

Overall, while the quick ratio has fluctuated, Vericel Corp has generally maintained a healthy liquidity position over the past eight quarters. It is important for the company to continue monitoring its quick ratio to ensure it maintains an adequate level of liquidity to meet its short-term obligations.