Artivion Inc (AORT)
Cash ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 53,463 | 56,173 | 55,019 | 51,118 | 58,940 | 53,481 | 48,775 | 30,773 | 39,351 | 37,572 | 40,382 | 51,408 | 55,010 | 64,587 | 50,473 | 56,552 | 61,958 | 64,122 | 125,627 | 63,877 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | 538 | 554 | 550 | — | — | — | — |
| Total current liabilities | US$ in thousands | 66,823 | 152,838 | 50,582 | 45,830 | 57,862 | 54,959 | 56,230 | 43,961 | 49,675 | 45,992 | 41,646 | 42,837 | 44,953 | 61,130 | 58,944 | 58,018 | 60,468 | 53,667 | 48,933 | 43,685 |
| Cash ratio | 0.80 | 0.37 | 1.09 | 1.12 | 1.02 | 0.97 | 0.87 | 0.70 | 0.79 | 0.82 | 0.97 | 1.20 | 1.22 | 1.07 | 0.87 | 0.98 | 1.02 | 1.19 | 2.57 | 1.46 |
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 of Artivion Inc provides insights into the company's ability to cover its short-term liabilities with its available cash and cash equivalents. A higher cash ratio indicates a stronger ability to meet short-term obligations.
Based on the data provided:
- The cash ratio fluctuated over the analyzed periods, ranging from a high of 2.57 on June 30, 2020, to a low of 0.37 on September 30, 2024.
- The ratio generally remained above 1, signaling that Artivion Inc had sufficient cash to cover its short-term liabilities for most periods.
- The ratio started to decline from June 30, 2021, reaching its lowest point on September 30, 2024, indicating potential challenges in meeting short-term obligations during that period.
- However, the ratio improved slightly in the following periods ending December 31, 2024.
In conclusion, while Artivion Inc maintained a cash ratio above 1 for most of the analyzed periods, the downward trend observed towards the end of the data series suggests a potential need for the company to closely monitor its cash position and manage its short-term liquidity more effectively.
Peer comparison
Dec 31, 2024