Xencor Inc (XNCR)

Current 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
Total current assets	US$ in thousands	623,160	571,176	593,562	629,976	675,342	667,998	585,936	505,970	424,368	329,629	480,967	591,168	637,672	570,883	603,386	588,107	558,405	573,765	527,009	488,671
Total current liabilities	US$ in thousands	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	66,558	64,312	63,712	73,321
Current ratio		7.36	10.77	13.30	9.68	10.58	7.42	7.81	8.30	6.00	7.44	10.46	5.92	5.27	8.10	9.08	8.92	8.39	8.92	8.27	6.66

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 shown some fluctuations over the past eight quarters, ranging from a low of 7.36 in Q4 2023 to a high of 13.30 in Q2 2023. Generally, the current ratio has been relatively high, indicating that the company's current assets are significantly higher than its current liabilities across most periods. This suggests that Xencor Inc has a strong ability to meet its short-term obligations using its current assets.

The significant variation in the current ratio over the quarters may indicate changes in the company's liquidity position or management of its current assets and liabilities. While a higher current ratio is generally favorable as it shows a healthy liquidity position, a very high current ratio may also suggest that the company's current assets are not being efficiently utilized.

Overall, Xencor Inc's current ratio has been above industry averages and has generally been strong, reflecting the company's ability to cover its short-term obligations comfortably. It would be important for stakeholders to continue monitoring the current ratio, along with other financial metrics, to assess the company's liquidity and financial health.