Xencor Inc (XNCR)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 623,160 | 675,342 | 424,368 | 637,672 | 558,405 |
| Total current liabilities | US$ in thousands | 84,709 | 63,844 | 70,738 | 121,061 | 66,558 |
| Current ratio | 7.36 | 10.58 | 6.00 | 5.27 | 8.39 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $623,160K ÷ $84,709K
= 7.36
The current ratio of Xencor Inc has exhibited fluctuations over the past five years. The ratio has ranged from a high of 10.58 in 2022 to a low of 5.27 in 2020, indicating variations in the company's short-term liquidity position. The current ratio measures the company's ability to meet its short-term obligations with its current assets.
In 2023, the current ratio is 7.36, suggesting that the company had $7.36 in current assets for every $1 of current liabilities. This indicates a strong liquidity position and implies that Xencor Inc may be able to easily cover its short-term obligations.
It is important to consider the trend in the current ratio over time to assess the company's liquidity position more effectively. Further investigation into the composition of current assets and liabilities would provide additional insights into the company's ability to manage its short-term financial obligations.
Peer comparison
Dec 31, 2023