Artivion Inc (AORT)
Quick ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 58,940 | 53,481 | 48,775 | 30,773 | 39,351 | 37,572 | 40,382 | 51,408 | 55,010 | 64,587 | 50,473 | 56,552 | 61,412 | 64,122 | 125,627 | 63,383 | 33,766 | 36,685 | 39,747 | 40,344 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 74,138 | 68,270 | 69,256 | 66,712 | 69,584 | 65,039 | 65,553 | 59,575 | 58,105 | 55,176 | 53,284 | 50,736 | 48,752 | 49,431 | 48,260 | 51,674 | 55,861 | 54,872 | 61,738 | 54,313 |
| Total current liabilities | US$ in thousands | 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 | 45,195 | 42,190 | 37,468 | 36,423 |
| Quick ratio | 2.30 | 2.22 | 2.10 | 2.22 | 2.19 | 2.23 | 2.54 | 2.59 | 2.52 | 1.96 | 1.76 | 1.85 | 1.82 | 2.12 | 3.55 | 2.63 | 1.98 | 2.17 | 2.71 | 2.60 |
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 remained relatively stable over the past eight quarters, ranging from 3.30 to 3.99. A quick ratio above 1 indicates that the company has an adequate level of liquid assets to cover its short-term liabilities.
Artivion Inc's quick ratio consistently above 3 suggests that the company has a strong liquidity position and is capable of meeting its short-term obligations comfortably. This is a positive sign as it indicates that the company has a sufficient buffer of liquid assets to cover its current liabilities without having to rely heavily on selling inventory.
The fluctuation in the quick ratio can be influenced by various factors such as changes in the composition of current assets or liabilities. Overall, the trend in Artivion Inc's quick ratio demonstrates a relatively consistent and healthy liquidity position throughout the analyzed quarters.
Peer comparison
Dec 31, 2023