Astrana Health Inc (ASTH)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 461,507 | 428,125 | 398,782 | 338,577 | 329,068 |
| Total current liabilities | US$ in thousands | 218,674 | 148,610 | 115,371 | 114,992 | 105,424 |
| Current ratio | 2.11 | 2.88 | 3.46 | 2.94 | 3.12 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $461,507K ÷ $218,674K
= 2.11
The current ratio of Astrana Health Inc has shown a declining trend over the past five years, decreasing from 3.12 in 2019 to 2.11 in 2023. This downward trend indicates a potential weakening liquidity position for the company, as its current assets may not be as sufficient to cover its current liabilities as in previous years.
While a current ratio above 1.0 generally indicates that a company can meet its short-term obligations, a higher ratio, such as seen in 2021 with a current ratio of 3.46, suggests a stronger ability to cover its current liabilities with current assets. However, the significant decrease in the ratio in recent years may raise concerns about the company's ability to maintain its liquidity in the short term.
It is important for Astrana Health Inc to closely monitor its current ratio and take necessary steps to improve its liquidity position, such as managing its current assets and liabilities more effectively, to ensure its ability to meet its short-term financial obligations.
Peer comparison
Dec 31, 2023