Astrana Health Inc (ASTH)

Current 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
Total current assets	US$ in thousands	538,810	461,507	476,229	465,063	457,688	428,125	443,616	468,085	445,423	398,782	427,212	471,976	370,275	338,577	366,698	380,545	318,063	329,068	321,361	167,626
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
Current ratio		1.52	2.11	2.35	2.50	2.77	2.88	2.84	2.53	2.78	3.46	3.66	3.68	3.02	2.94	2.79	2.50	2.98	3.12	3.05	2.14

March 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $538,810K ÷ $355,272K
= 1.52

The current ratio of Astrana Health Inc has been fluctuating over the past five years, indicating varying levels of liquidity. The ratio stood at 1.52 as of March 31, 2024, which means that the company had $1.52 in current assets to cover each dollar of current liabilities. This suggests a moderate level of liquidity, but it has decreased compared to the previous periods.

While the ratio reached a high of 3.68 on December 31, 2021, indicating a strong liquidity position, it has since been on a declining trend. With ratios above 2.0, the company generally had more than enough current assets to meet its short-term obligations. However, the recent downward trend may warrant further investigation into the company's ability to manage its current liabilities effectively and maintain a healthy liquidity position in the future.