Xencor Inc (XNCR)

Current 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
Total current assets	US$ in thousands	577,601	573,328	554,470	562,252	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
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
Current ratio		6.61	6.23	6.92	7.08	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

December 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $577,601K ÷ $87,432K
= 6.61

The current ratio of Xencor Inc has exhibited fluctuations over the past years, indicating changes in the company's liquidity position. The current ratio, which measures the ability of a company to meet its short-term obligations with its current assets, reached a peak of 13.30 on June 30, 2023, reflecting a strong liquidity position at that time.

However, there were periods where the current ratio was lower, such as December 31, 2023, and December 31, 2024, where the ratios were 7.36 and 6.61, respectively. These lower ratios suggest a relatively weaker ability to cover short-term liabilities with current assets during those periods.

Overall, the current ratio of Xencor Inc has generally been above 1, indicating that the company has had more than enough current assets to cover its short-term liabilities throughout the analyzed period. It is important to consider the trend of the current ratio over time to assess the company's liquidity management and financial health effectively.