Artivion Inc (AORT)
Quick ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 58,940 | 39,351 | 55,010 | 61,412 | 33,766 |
| Short-term investments | US$ in thousands | — | — | — | 546 | 528 |
| Receivables | US$ in thousands | 74,138 | 69,584 | 58,105 | 48,752 | 55,861 |
| Total current liabilities | US$ in thousands | 57,862 | 49,675 | 44,953 | 60,468 | 45,195 |
| Quick ratio | 2.30 | 2.19 | 2.52 | 1.83 | 1.99 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($58,940K
+ $—K
+ $74,138K)
÷ $57,862K
= 2.30
The quick ratio of Artivion Inc has shown a generally stable trend over the past five years, ranging from 2.66 to 3.80. The ratio measures the company's ability to meet its short-term obligations with its most liquid assets. A quick ratio above 1 indicates that Artivion Inc has an adequate level of quick assets to cover its current liabilities, with a higher ratio indicating a stronger liquidity position.
Artivion Inc's quick ratio has consistently been comfortably above 1, reflecting a strong liquidity position and the company's ability to meet its short-term financial obligations without relying heavily on inventory. The slight fluctuations in the ratio over the years can be attributed to changes in the composition of current assets relative to current liabilities.
Overall, Artivion Inc's quick ratio of 3.43 in 2023 indicates that the company has $3.43 of liquid assets available to cover each dollar of its current liabilities. This suggests a healthy financial position and the ability to manage short-term obligations effectively.
Peer comparison
Dec 31, 2023