Xencor Inc (XNCR)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 40,875 | 53,790 | 53,942 | 143,480 | 163,544 |
| Short-term investments | US$ in thousands | 408,971 | 539,935 | 569,120 | 190,627 | 439,459 |
| Receivables | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 87,432 | 84,709 | 63,844 | 70,738 | 121,061 |
| Quick ratio | 5.15 | 7.01 | 9.76 | 4.72 | 4.98 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($40,875K
+ $408,971K
+ $—K)
÷ $87,432K
= 5.15
The quick ratio of Xencor Inc has shown consistent strength over the past five years, indicating a strong ability to meet its short-term obligations without relying heavily on inventory. The ratio has ranged from a high of 9.76 on December 31, 2022, to a low of 4.72 on December 31, 2021. The company maintained a robust quick ratio of 7.01 on December 31, 2023, and 5.15 on December 31, 2024. This indicates that Xencor Inc has a healthy level of liquid assets to cover its current liabilities, suggesting efficient management of its working capital and potential financial stability.
Peer comparison
Dec 31, 2024