Astrana Health Inc (ASTH)
Cash 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 and cash equivalents | US$ in thousands | 288,455 | 347,994 | 325,310 | 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 |
| Short-term investments | US$ in thousands | 2,378 | 2,354 | 2,383 | 2,490 | 2,498 | 3,021 | 3,789 | 4,114 | 5,567 | 33,281 | 39,490 | 42,893 | 53,417 | 128,558 | 187,206 | 66,931 | 67,695 | 118,309 | 117,656 | 117,075 |
| Total current liabilities | US$ in thousands | 365,608 | 312,928 | 309,825 | 355,272 | 218,674 | 202,957 | 185,794 | 164,954 | 148,610 | 156,191 | 185,238 | 160,436 | 115,371 | 116,759 | 128,088 | 126,347 | 114,992 | 131,461 | 152,507 | 106,605 |
| Cash ratio | 0.80 | 1.12 | 1.06 | 0.95 | 1.36 | 1.36 | 1.60 | 1.69 | 1.98 | 1.39 | 1.48 | 1.75 | 2.48 | 2.85 | 2.85 | 2.16 | 2.27 | 2.16 | 1.77 | 1.86 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($288,455K
+ $2,378K)
÷ $365,608K
= 0.80
The cash ratio of Astrana Health Inc has fluctuated over the past few years, ranging from 0.80 to 2.85. This ratio measures the company's ability to cover its short-term liabilities with its cash and cash equivalents. A higher cash ratio indicates that the company has more cash on hand relative to its current liabilities, which is generally seen as a positive sign of financial health and liquidity.
Looking at the trend, Astrana Health Inc experienced an increase in its cash ratio from March 31, 2020, to June 30, 2021, reaching a peak of 2.85. This suggests that the company had ample cash reserves to meet its short-term obligations during this period. However, the cash ratio started to decline thereafter, dropping to 0.80 by December 31, 2024.
The decreasing trend in the cash ratio after June 30, 2021, could indicate potential cash flow challenges or increased short-term liabilities relative to available cash and cash equivalents. It is important to closely monitor this ratio in the future quarters to ensure that Astrana Health Inc maintains an adequate level of liquidity to meet its financial obligations.
Peer comparison
Dec 31, 2024