ILMN Quick Ratio Analysis

The quick ratio measures a company’s ability to pay short-term liabilities using its most liquid assets, such as cash and receivables, without relying on inventory.

ILMN’s current quick ratio of 1.17x means it holds $1.17 in liquid assets for every $1 of current liabilities, indicating adequate short-term liquidity. This is above the sector median of 0.71x, placing ILMN in the 77th percentile among its peers, which suggests stronger liquidity than most competitors. However, trend data is not available – the year-over-year change, quarter-over-quarter change, and historical trend over the last eight quarters are all marked as N/A, providing no insight into whether liquidity is improving or deteriorating. The combination of a solid liquidity level (above median) with an unknown trend implies limited immediate risk from a cash-flow perspective, but also no clear opportunity from a positive trajectory. This metric supports the overall NEUTRAL verdict because while ILMN’s quick ratio is healthy compared to peers, the lack of trend information prevents a stronger bullish or bearish stance.

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