Xencor Inc (XNCR)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 40,875 | 29,031 | 30,768 | 31,034 | 53,790 | 52,733 | 34,710 | 72,394 | 53,942 | 52,654 | 49,410 | 78,267 | 143,480 | 41,200 | 115,842 | 176,965 | 163,544 | 58,094 | 109,534 | 73,808 |
| Short-term investments | US$ in thousands | 456,900 | 513,946 | 477,643 | 504,902 | 539,935 | 441,799 | 516,662 | 515,628 | 569,120 | 547,582 | 462,508 | 311,488 | 190,627 | 247,001 | 334,206 | 375,014 | 439,459 | 493,070 | 476,725 | 500,094 |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| 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 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($40,875K
+ $456,900K
+ $—K)
÷ $87,432K
= 5.69
The quick ratio of Xencor Inc has shown fluctuations over the periods provided. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets. A quick ratio above 1 indicates that the company can cover its current liabilities with its most liquid assets.
Xencor Inc's quick ratio ranged from 4.72 to 12.35 during the period, with the highest quick ratio observed on June 30, 2023. This indicates strong liquidity and the company's ability to cover its short-term liabilities with highly liquid assets. However, on December 31, 2024, the quick ratio decreased to 5.69, which may suggest a slight decrease in liquidity compared to previous periods.
Overall, Xencor Inc has maintained a relatively healthy quick ratio throughout the period, illustrating a strong ability to meet its short-term obligations with its liquid assets. It is important for the company to continue monitoring its liquidity position to ensure it can manage its short-term financial commitments effectively.
Peer comparison
Dec 31, 2024