Xencor Inc (XNCR)
Liquidity ratios
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Current ratio | 6.61 | 7.36 | 10.58 | 6.00 | 5.27 |
| Quick ratio | 5.15 | 7.01 | 9.76 | 4.72 | 4.98 |
| Cash ratio | 5.15 | 7.01 | 9.76 | 4.72 | 4.98 |
The liquidity ratios of Xencor Inc reflect its ability to meet short-term obligations and manage day-to-day operations effectively.
- The current ratio, which measures the company's ability to cover its short-term liabilities with its current assets, has shown a consistent increase over the years, reaching a high of 10.58 in 2022. This indicates that Xencor Inc has a strong liquidity position and can easily meet its current obligations.
- The quick ratio, also known as the acid-test ratio, provides a more stringent measure of liquidity by excluding inventory from current assets. Xencor Inc's quick ratio has been relatively stable, with a notable peak in 2022 at 9.76. This suggests that the company can meet its short-term liabilities without relying on selling inventory.
- The cash ratio, which is the most conservative liquidity measure as it only considers cash and cash equivalents, has followed a similar trend as the quick ratio. Xencor Inc's cash ratio peaked in 2022 at 9.76, indicating a strong ability to meet immediate obligations using cash resources.
Overall, Xencor Inc's liquidity ratios demonstrate a healthy financial position with ample resources to cover short-term obligations. The consistently high current, quick, and cash ratios suggest that the company is well-positioned to weather short-term financial challenges and fund its ongoing operations effectively.
Additional liquidity measure
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash conversion cycle | days | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Based on the data provided, Xencor Inc's cash conversion cycle has been consistently 0.00 days for the years 2020, 2021, 2022, 2023, and 2024. This indicates that the company is able to efficiently convert its investments in inventory and receivables back into cash without any delay. A cash conversion cycle of 0.00 days suggests that Xencor Inc is effectively managing its working capital and operating efficiently in terms of cash flow management. This metric reflects positively on the company's liquidity and operational effectiveness.