Astrana Health Inc (ASTH)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 158,922 | 293,807 | 288,027 | 233,097 | 193,470 |
| Short-term investments | US$ in thousands | 2,378 | 2,498 | 5,567 | 53,417 | 67,695 |
| Receivables | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 222,688 | 218,674 | 148,610 | 114,719 | 114,992 |
| Quick ratio | 0.72 | 1.36 | 1.98 | 2.50 | 2.27 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($158,922K
+ $2,378K
+ $—K)
÷ $222,688K
= 0.72
The quick ratio of Astrana Health Inc has exhibited fluctuations over the past five years, indicating varying levels of liquidity. As of December 31, 2020, the quick ratio stood at 2.27, signifying the company's ability to cover its current liabilities with liquid assets. The ratio improved to 2.50 by the end of December 31, 2021, suggesting strengthened liquidity position. However, in the subsequent years, the quick ratio experienced a decline, dropping to 1.98 by December 31, 2022, and further declining to 1.36 by December 31, 2023. This downward trend raises some concerns about the company's liquidity management. By December 31, 2024, the quick ratio plummeted to 0.72, indicating potential difficulties in meeting short-term obligations solely with readily available assets. Management may need to closely monitor and address the liquidity challenges reflected in the decreasing quick ratio to ensure financial stability and operational efficiency in the coming periods.
Peer comparison
Dec 31, 2024