Artivion Inc (AORT)
Quick 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 | 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 | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Quick 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
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($53,463K
+ $—K
+ $—K)
÷ $66,823K
= 0.80
The quick ratio of Artivion Inc has shown fluctuations over the past few years. It started at a relatively healthy level of 1.46 in March 2020, indicating the company had $1.46 of liquid assets available to cover each $1 of current liabilities.
The ratio increased significantly to 2.57 by June 2020, suggesting an improved ability to meet short-term obligations without relying heavily on inventory. However, the ratio began to decline and dropped to 0.79 by December 2022, raising concerns about the company's liquidity position.
Subsequently, the quick ratio fluctuated within a range between 0.70 and 1.22 until December 2024. Of note, the ratio dropped significantly to 0.37 by September 2024, which may indicate potential difficulties in meeting short-term obligations with its current liquid assets.
Overall, the trend in the quick ratio of Artivion Inc reflects fluctuations in the company's ability to cover its short-term liabilities with readily available assets. Further analysis and monitoring of liquidity management practices are advisable to ensure financial stability and sustainability.
Peer comparison
Dec 31, 2024