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The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. It is calculated as a company's Total Current Assets excludes Total Inventories divides by its Total Current Liabilities. bluebird bio's quick ratio for the quarter that ended in Sep. 2023 was 1.42.
bluebird bio has a quick ratio of 1.42. It generally indicates good short-term financial strength.
The historical rank and industry rank for bluebird bio's Quick Ratio or its related term are showing as below:
During the past 12 years, bluebird bio's highest Quick Ratio was 29.09. The lowest was 1.12. And the median was 7.30.
The historical data trend for bluebird bio's Quick Ratio can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
bluebird bio Annual Data | |||||||||||||||||||||
Trend | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | |||||||||||
Quick Ratio | Get a 7-Day Free Trial |
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9.69 | 5.15 | 5.92 | 2.20 | 1.56 |
bluebird bio Quarterly Data | ||||||||||||||||||||
Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | |
Quick Ratio | Get a 7-Day Free Trial |
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1.27 | 1.56 | 3.00 | 2.03 | 1.42 |
For the Biotechnology subindustry, bluebird bio's Quick Ratio, along with its competitors' market caps and Quick Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
For the Biotechnology industry and Healthcare sector, bluebird bio's Quick Ratio distribution charts can be found below:
* The bar in red indicates where bluebird bio's Quick Ratio falls into.
The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. For this reason, the ratio excludes inventories from current assets.
bluebird bio's Quick Ratio for the fiscal year that ended in Dec. 2022 is calculated as
Quick Ratio (A: Dec. 2022 ) | = | (Total Current Assets | - | Total Inventories) | / | Total Current Liabilities |
= | (199.488 | - | 0) | / | 128.237 | |
= | 1.56 |
bluebird bio's Quick Ratio for the quarter that ended in Sep. 2023 is calculated as
Quick Ratio (Q: Sep. 2023 ) | = | (Total Current Assets | - | Total Inventories) | / | Total Current Liabilities |
= | (247.076 | - | 20.969) | / | 158.957 | |
= | 1.42 |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
bluebird bio (NAS:BLUE) Quick Ratio Explanation
The quick ratio is more conservative than the Current Ratio because it excludes inventories from current assets. The ratio derives its name presumably from the fact that assets such as cash and marketable securities are quick sources of cash. Inventories generally take time to be converted into cash, and if they have to be sold quickly, the company may have to accept a lower price than book value of these inventories. As a result, they are justifiably excluded from assets that are ready sources of immediate cash.
In general, low or decreasing quick ratios generally suggest that a company is over-leveraged, struggling to maintain or grow sales, paying bills too quickly or collecting receivables too slowly. On the other hand, a high or increasing quick ratio generally indicates that a company is experiencing solid top-line growth, quickly converting receivables into cash, and easily able to cover its financial obligations. Such companies often have faster inventory turnover and cash conversion cycles.
The higher the quick ratio, the better the company's liquidity position.
Thank you for viewing the detailed overview of bluebird bio's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Richard A Colvin | officer: Chief Medical Officer | 455 GRAND UNION BOULEVARD, C/O BLUEBIRD BIO, INC., SOMERVILLE MA 02145 |
Andrew Obenshain | officer: President of SGD | C/O BLUEBIRD BIO, INC., 455 GRAND UNION BOULEVARD, SOMERVILLE MA 02145 |
Christopher Krawtschuk | officer: Chief Financial Officer | 455 GRAND UNION BOULEVARD, C/O BLUEBIRD BIO, INC., SOMERVILLE MA 02145 |
Thomas J Klima | officer: Chief Commercial Officer, SGD | C/O BLUEBIRD BIO, INC., 455 GRAND UNION BOULEVARD, SOMERVILLE MA 02145 |
Richard A. Paulson | director | 85 WELLS AVENUE, NEWTON MA 02459 |
Nick Leschly | director, officer: President and CEO | C/O BLUEBIRD BIO, INC., 840 MEMORIAL DRIVE, CAMBRIDGE MA 02139 |
Joseph Vittiglio | officer: Chief Business & Legal Officer | C/O BLUEBIRD BIO, INC., 455 GRAND UNION BLVD, SOMERVILLE MA 02145 |
Elisabeth Leiderman | director | 1325 BOYLSTON STREET, SUITE 500, BOSTON MA 02215 |
Jason Cole | officer: SVP, Secy. & General Counsel | C/O BLUEBIRD BIO, INC, 455 GRAND UNION BOULEVARD, SOMERVILLE MA 02145 |
Anne-virginie Eggimann | officer: Chief Regulatory Officer | C/O CODIAK BIOSCIENCES, INC., 35 CAMBRIDGEPARK DRIVE, SUITE 500, CAMBRIDGE MA 02140 |
Charlotte Jones-burton | director | 455 GRAND UNION BOULEVARD, C/O BLUEBIRD BIO, INC., SOMERVILLE MA 02145 |
Gina Consylman | officer: Chief Financial Officer | C/O IRONWOOD PHARMACEUTICALS, INC., 100 SUMMER STREET, SUITE 2300, BOSTON MA 02110 |
Jessica Whitten | officer: Chief Accounting Officer | 60 BINNEY STREET, C/O BLUEBIRD BIO, INC., CAMBRIDGE MA 02142 |
Sarah Js Glickman | director | 60 BINNEY STREET, C/O BLUEBIRD BIO, INC., CAMBRIDGE MA 02142 |
Najoh Tita-reid | director | 455 GRAND UNION BOULEVARD, C/O BLUEBIRD BIO, INC., SOMERVILLE MA 02145 |
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