Stock Analysis on Net
Stock Analysis on Net

DexCom Inc. (NASDAQ:DXCM)

$22.49

This company has been moved to the archive! The financial data has not been updated since October 26, 2023.

Current Ratio
since 2005

Microsoft Excel

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Calculation

DexCom Inc., current ratio, long-term trends, calculation

Microsoft Excel

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

1 US$ in thousands

Current Assets
The current assets exhibited a fluctuating trend over the observed period. Initially, there was a moderate increase from 51,013 thousand US dollars in 2005 to 67,291 thousand in 2007. However, a significant drop occurred in 2008, with current assets declining to 32,058 thousand US dollars. Following this low point, a general upward trajectory is evident, with current assets rising consistently year over year, peaking sharply at 3,684,400 thousand US dollars by 2021. A marginal decrease is noted in 2022, with current assets slightly falling to 3,668,800 thousand US dollars. This pattern indicates periods of volatility early on, followed by substantial growth in more recent years.
Current Liabilities
Current liabilities displayed an overall increasing trend throughout the period. Starting at a relatively low base of 7,074 thousand US dollars in 2005, liabilities increased gradually until 2009, after which more notable growth commenced. The escalation accelerated significantly from 2012 onwards, with liabilities rising from 19,500 thousand US dollars to a peak of 1,839,300 thousand US dollars in 2022. This indicates that the company has been incurring higher short-term obligations, particularly pronounced in the latter half of the timeline.
Current Ratio
The current ratio, which measures liquidity by comparing current assets to current liabilities, showed variability reflecting the fluctuations in assets and liabilities. Early years demonstrated strong liquidity, with ratios well above 7.0 in 2005 and 2006. A steep decline occurred by 2008, coinciding with the drop in current assets and a rise in liabilities, reaching a low point near 2.14. After this, the ratio recovered somewhat, fluctuating between approximately 2.7 and 7.6 over the following years, indicating periods of improved liquidity interspersed with some weakening. The most recent figures for 2022 show a ratio of 1.99, the lowest in the entire series, suggesting a tightening liquidity position despite the high nominal values of current assets and liabilities.
Summary
Overall, the financial data indicate considerable growth in current assets and liabilities, particularly from 2012 to 2022. While current assets have grown impressively, the accompanying rise in current liabilities has outpaced asset growth in the latest period, leading to a declining current ratio and signaling reduced short-term liquidity. Early years experienced more volatility and fluctuating liquidity, whereas the more recent data reveal significant expansion accompanied by increasing short-term financial obligations. The decreasing trend in the current ratio toward the end of the period warrants attention with regard to liquidity management.

Comparison to Competitors

DexCom Inc., current ratio, long-term trends, comparison to competitors

Microsoft Excel
DexCom Inc. Abbott Laboratories CVS Health Corp. Elevance Health Inc. Intuitive Surgical Inc. Medtronic PLC UnitedHealth Group Inc.
Dec 31, 2022
Dec 31, 2021
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Dec 31, 2014
Dec 31, 2013
Dec 31, 2012
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Dec 31, 2010
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Dec 31, 2008
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Dec 31, 2006
Dec 31, 2005

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

Comparison to Sector (Health Care Equipment & Services)

DexCom Inc., current ratio, long-term trends, comparison to sector (health care equipment & services)

Microsoft Excel
DexCom Inc. Health Care Equipment & Services
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
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Dec 31, 2017
Dec 31, 2016
Dec 31, 2015
Dec 31, 2014
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Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

Comparison to Industry (Health Care)

DexCom Inc., current ratio, long-term trends, comparison to industry (health care)

Microsoft Excel
DexCom Inc. Health Care
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Dec 31, 2015
Dec 31, 2014
Dec 31, 2013
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Dec 31, 2005

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).