Astrana Health Inc (ASTH)
Quick ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 293,807 | 288,027 | 233,097 | 193,470 | 103,189 |
| Short-term investments | US$ in thousands | 2,846 | 11,167 | 81,810 | 67,753 | 116,609 |
| Receivables | US$ in thousands | 11,992 | 125,750 | 93,631 | 60,665 | 98,950 |
| Total current liabilities | US$ in thousands | 218,674 | 148,610 | 115,371 | 114,992 | 105,424 |
| Quick ratio | 1.41 | 2.86 | 3.54 | 2.80 | 3.02 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($293,807K
+ $2,846K
+ $11,992K)
÷ $218,674K
= 1.41
The quick ratio measures Astrana Health Inc's ability to meet its short-term obligations using its most liquid assets. A higher quick ratio indicates a stronger liquidity position.
Looking at the trend over the past five years:
- In 2023, the quick ratio declined to 1.41 from 2.86 in 2022. This decrease suggests a reduction in Astrana Health Inc's ability to cover its short-term liabilities with its quick assets.
- In 2022, the quick ratio was relatively high at 2.86, indicating a healthy liquidity position.
- In 2021, the quick ratio was even higher at 3.54, suggesting a strong ability to meet short-term obligations with liquid assets.
- In 2020, the quick ratio was 2.80, slightly lower than in 2022 and 2021 but still showing good liquidity.
- In 2019, the quick ratio was 3.02, demonstrating a similar strong liquidity position to 2021.
Overall, the trend in Astrana Health Inc's quick ratio has shown some variability, with fluctuations in the ability to cover short-term liabilities with quickly realizable assets. The company should continue to monitor its liquidity position to ensure it can meet its financial obligations effectively.
Peer comparison
Dec 31, 2023