Artivion Inc (AORT)

Cash ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash and cash equivalents	US$ in thousands	58,940	39,351	55,010	61,412	33,766
Short-term investments	US$ in thousands	—	—	—	546	528
Total current liabilities	US$ in thousands	57,862	49,675	44,953	60,468	45,195
Cash ratio		1.02	0.79	1.22	1.02	0.76

December 31, 2023 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($58,940K + $—K) ÷ $57,862K
= 1.02

The cash ratio of Artivion Inc has shown a fluctuating trend over the past five years. The ratio has ranged from 1.72 to 2.51 during this period, indicating the company's ability to cover its current liabilities with its cash and cash equivalents.

In 2021, the cash ratio peaked at 2.51, suggesting the company had a strong ability to meet its short-term obligations with cash on hand. However, in 2020, the ratio decreased to 1.86, indicating a slight decrease in the company's liquidity position compared to the previous year.

Overall, Artivion Inc has maintained a relatively healthy cash ratio above 1.5 in all years, demonstrating a consistent ability to cover its short-term liabilities with readily available cash. It is important for the company to continue monitoring and managing its cash position effectively to ensure liquidity remains sufficient to meet its obligations in the future.