Xencor Inc (XNCR)

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	40,875	29,031	30,768	31,034	53,790	52,733	34,710	72,394	53,942	52,654	49,410	78,267	143,480	41,200	115,842	176,965	163,544	58,094	109,534	73,808
Short-term investments	US$ in thousands	456,900	513,946	477,643	504,902	539,935	441,799	516,662	515,628	569,120	547,582	462,508	311,488	190,627	247,001	334,206	375,014	439,459	493,070	476,725	500,094
Total current liabilities	US$ in thousands	87,432	91,972	80,076	79,402	84,709	53,041	44,630	65,056	63,844	90,032	75,041	60,941	70,738	44,317	45,962	99,931	121,061	70,488	66,449	65,917
Cash ratio		5.69	5.90	6.35	6.75	7.01	9.32	12.35	9.04	9.76	6.67	6.82	6.40	4.72	6.50	9.79	5.52	4.98	7.82	8.82	8.71

December 31, 2024 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($40,875K + $456,900K) ÷ $87,432K
= 5.69

The cash ratio of Xencor Inc has fluctuated over the period from March 31, 2020, to December 31, 2024. The cash ratio is a liquidity ratio that measures a company's ability to cover its short-term liabilities with its cash and cash equivalents. A higher cash ratio indicates a stronger ability to cover short-term obligations.

From March 31, 2020, to June 30, 2021, Xencor Inc's cash ratio remained relatively high, ranging from 8.71 to 9.79. This suggests that the company had a significant amount of cash and cash equivalents on hand to cover its short-term obligations during this period.

However, the cash ratio started to decline from September 30, 2021, to December 31, 2024, ranging from 4.72 to 12.35. This fluctuation may indicate changes in the company's cash position or short-term liabilities during this period.

Overall, a higher cash ratio is generally favorable as it indicates a stronger liquidity position. Xencor Inc should continue to monitor its cash ratio to ensure it maintains a sufficient level of cash and cash equivalents to meet its short-term obligations effectively.