Xencor Inc (XNCR)
Liquidity ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Quick 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 |
| 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 |
Based on the provided data, Xencor Inc's current ratio has shown fluctuations over the past few years but generally remains at a healthy level, ranging from a low of 5.27 on December 31, 2020, to a high of 13.30 on June 30, 2023. The current ratio measures the company's ability to cover its short-term liabilities with its current assets, and values above 1 indicate good liquidity.
In terms of the quick ratio, Xencor Inc has also displayed variability in its ability to quickly cover its short-term obligations with its most liquid assets. The quick ratio has ranged from a low of 4.72 on December 31, 2021, to a high of 12.35 on June 30, 2023. Similar to the current ratio, values above 1 for the quick ratio are generally considered favorable.
The cash ratio, which provides the strictest measure of liquidity by focusing solely on the company's cash and cash equivalents to cover its current liabilities, has followed a similar trend to the quick ratio. The cash ratio ranges from a low of 4.72 on December 31, 2021, to a high of 12.35 on June 30, 2023.
Overall, Xencor Inc's liquidity ratios indicate that the company has maintained a strong ability to meet its short-term obligations with its current assets and liquid resources, although there have been fluctuations in the ratios over the reporting periods. Investors and stakeholders may find these ratios reassuring in terms of the company's financial stability and ability to weather uncertainties in the short term.
Additional liquidity measure
| 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 conversion cycle | days | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Xencor Inc has consistently maintained a cash conversion cycle of 0.00 days throughout the financial periods from March 31, 2020, to December 31, 2024. This indicates that the company effectively manages its working capital, with minimal time required to convert its investments in inventory and other resources into cash flows from sales. A shorter cash conversion cycle suggests efficient operations in terms of managing inventories, collecting receivables, and paying payables, leading to improved liquidity and potential for higher profitability.