Astrana Health Inc (ASTH)
Cash ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 334,796 | 293,807 | 273,941 | 293,921 | 274,613 | 288,027 | 184,016 | 234,223 | 237,942 | 233,097 | 204,768 | 177,287 | 205,876 | 193,470 | 166,082 | 152,441 | 80,892 | 103,189 | 230,299 | 52,726 |
| Short-term investments | US$ in thousands | 2,722 | 2,846 | 3,917 | 5,589 | 4,638 | 11,167 | 41,481 | 53,890 | 60,693 | 81,810 | 185,558 | 307,106 | 67,000 | 67,753 | 118,356 | 117,745 | 117,139 | 116,609 | 1,222 | 1,176 |
| Total current liabilities | US$ in thousands | 355,272 | 218,674 | 202,957 | 185,794 | 164,954 | 148,610 | 156,191 | 185,238 | 160,436 | 115,371 | 116,759 | 128,088 | 122,553 | 114,992 | 131,461 | 152,507 | 106,605 | 105,424 | 105,195 | 78,338 |
| Cash ratio | 0.95 | 1.36 | 1.37 | 1.61 | 1.69 | 2.01 | 1.44 | 1.56 | 1.86 | 2.73 | 3.34 | 3.78 | 2.23 | 2.27 | 2.16 | 1.77 | 1.86 | 2.08 | 2.20 | 0.69 |
March 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($334,796K
+ $2,722K)
÷ $355,272K
= 0.95
The cash ratio of Astrana Health Inc has exhibited fluctuations over the past several quarters. The ratio represents the ability of the company to cover its short-term liabilities with its cash and cash equivalents.
In the most recent quarter (March 31, 2024), the cash ratio stood at 0.95, indicating that the company had $0.95 in cash and cash equivalents for every dollar of current liabilities. This suggests a potential liquidity concern as the company may have limited cash available to meet its short-term obligations.
Looking back at historical data, the cash ratio has shown a downward trend since reaching a peak of 3.78 in the quarter ending June 30, 2021. The decreasing trend may point towards a reduction in the company's liquidity position over time, which could potentially raise concerns about its ability to meet short-term obligations.
It is essential for Astrana Health Inc to closely monitor its cash management practices and work towards improving its liquidity position to ensure it can meet its financial commitments in a timely manner. Additionally, the company may need to explore strategies to enhance its cash reserves or optimize its current assets to strengthen its financial stability.