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Zai Lab Limited, a biopharmaceutical company, focuses on discovering, developing, and commercializing products that address medical conditions in the areas of oncology, immunology, neuroscience, and i...
The following section summarizes insights on Zai Lab Ltd's Quick Ratio:
To view the full list of supported financial metrics please see Complete Metrics Listing.
Metrics similar to Quick Ratio in the risk category include:
A ratio used to assess a company's short-term liquidity.
Quick Ratio or acid-test or liquidity ratio measures the ability of a company to use its near cash or quick assets to extinguish or retire its current liabilities immediately. Quick Ratio is defined as:
(Cash & ST Investments
(+) Accounts Receivable)
(/) Current Liabilities
(=) Quick Ratio
Quick Ratio for Zai Lab is calculated as follows:
(Cash & ST Investments [ 779.7 M ]
(+) Accounts Receivable [ 89.411 M ]
(/) Current Liabilities [ 299.4 M ]
(=) Quick Ratio [ 2.9x ]
The tables below summarizes the trend in Zai Lab’s quick ratio over the last five years:
| Fiscal Year | Cash & ST Investments | Accounts Receivable | Current Liabilities | Quick Ratio |
|---|---|---|---|---|
| 2020-12-31 | 1.187 B | 5.165 M | 98.043 M | 12.2x |
| 2021-12-31 | 1.409 B | 54.809 M | 192.9 M | 7.6x |
| 2022-12-31 | 1.008 B | 48.571 M | 139.8 M | 7.6x |
| 2023-12-31 | 806.5 M | 65.333 M | 203.1 M | 4.3x |
| 2024-12-31 | 779.7 M | 89.411 M | 299.4 M | 2.9x |
The tables below summarizes the trend in Zai Lab’s quick ratio over the last four quarters:
| Fiscal Year | Cash & ST Investments | Accounts Receivable | Current Liabilities | Quick Ratio |
|---|---|---|---|---|
| 2024-03-31 | 650.8 M | 75.785 M | 192.1 M | 3.8x |
| 2024-06-30 | 630 M | 77.737 M | 251.7 M | 2.8x |
| 2024-09-30 | 616.1 M | 69.248 M | 286.3 M | 2.4x |
| 2024-12-31 | 779.7 M | 89.411 M | 299.4 M | 2.9x |
Read more on Wikipedia: Quick Ratio
The chart above depicts the distribution of quick ratio for companies operating in the Healthcare sector in the Developing economic region. Over 1,170 companies were considered in this analysis, and 1,127 had meaningful values. The average quick ratio of companies in the sector is 2.5x with a standard deviation of 2.7x.
Zai Lab Ltd's Quick Ratio of 2.9x ranks in the 73.7% percentile for the sector. The following table provides additional summary stats:
| Economic Risk Region | Developing |
| Total Constituents | 1,173 |
| Included Constituents | 1,127 |
| Min | 0.1x |
| Max | 16.6x |
| Median | 1.5x |
| Mean | 2.5x |
| Standard Deviation | 2.7x |
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