Artivion Inc (AORT)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 53,463 | 58,940 | 39,351 | 55,010 | 61,958 |
| Short-term investments | US$ in thousands | — | — | — | — | 546 |
| Total current liabilities | US$ in thousands | 66,823 | 57,862 | 49,675 | 44,953 | 60,468 |
| Cash ratio | 0.80 | 1.02 | 0.79 | 1.22 | 1.03 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($53,463K
+ $—K)
÷ $66,823K
= 0.80
The cash ratio for Artivion Inc has shown some fluctuations over the past five years. As of December 31, 2020, the cash ratio was 1.03, indicating that the company had $1.03 in cash and cash equivalents for every $1 of current liabilities. This ratio increased to 1.22 by December 31, 2021, which could potentially suggest an improvement in the company's liquidity position.
However, by December 31, 2022, the cash ratio decreased to 0.79, which may raise some concerns about the company's ability to meet its short-term obligations solely with cash and cash equivalents. The ratio then slightly recovered to 1.02 by December 31, 2023, but dropped again to 0.80 by December 31, 2024.
Overall, the trend in the cash ratio for Artivion Inc indicates some variability in the company's liquidity position over the years, with periods of improvement and decline. It is essential for investors and stakeholders to monitor this ratio closely to assess the company's ability to cover its short-term liabilities with available cash resources. Further analysis of the company's cash management practices and working capital management may provide insights into the factors driving these fluctuations in the cash ratio.
Peer comparison
Dec 31, 2024