Artivion Inc (AORT)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 53,463 | 58,940 | 39,351 | 55,010 | 61,958 |
| Short-term investments | US$ in thousands | — | — | — | — | 546 |
| Receivables | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 66,823 | 57,862 | 49,675 | 44,953 | 60,468 |
| Quick ratio | 0.80 | 1.02 | 0.79 | 1.22 | 1.03 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($53,463K
+ $—K
+ $—K)
÷ $66,823K
= 0.80
Based on the data provided, Artivion Inc's quick ratio has fluctuated over the past five years. The quick ratio, which measures the company's ability to meet its short-term obligations with its most liquid assets, was 1.03 as of December 31, 2020, indicating that Artivion had $1.03 in liquid assets available for every dollar of current liabilities.
The quick ratio improved to 1.22 by the end of 2021, suggesting a strengthened liquidity position. However, there was a notable decrease in the quick ratio to 0.79 by the end of 2022, indicating a potential liquidity strain as the company may not have had sufficient liquid assets to cover its short-term liabilities.
In 2023, the quick ratio recovered to 1.02, showing an improvement in the company's ability to meet its short-term obligations with liquid assets. By the end of 2024, the quick ratio dropped again to 0.80, which may raise concerns about Artivion's short-term liquidity position.
Overall, the fluctuation in Artivion Inc's quick ratio over the past five years suggests variability in the company's liquidity management. It is important for stakeholders to closely monitor this ratio to assess the company's ability to meet its short-term financial obligations efficiently.
Peer comparison
Dec 31, 2024