Astrana Health Inc (ASTH)
Quick 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 | 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 |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Quick 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
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($288,455K
+ $2,378K
+ $—K)
÷ $365,608K
= 0.80
The quick ratio of Astrana Health Inc has shown some fluctuations over the periods analyzed. The quick ratio, which measures the company's ability to meet its short-term obligations with its most liquid assets, ranged from a high of 2.85 on June 30, 2021, to a low of 0.80 on December 31, 2024.
In general, a quick ratio above 1 indicates that the company has an adequate level of liquid assets to cover its short-term liabilities. Astrana Health Inc consistently maintained a quick ratio above 1 throughout the periods, indicating its ability to meet its short-term obligations without relying heavily on inventory.
However, the downward trend observed in the quick ratio from March 31, 2024, onwards suggests a potential weakening of the company's liquidity position. It is important for Astrana Health Inc to closely monitor its quick ratio and take necessary measures to ensure sufficient liquidity to meet its short-term financial obligations in the future.
Peer comparison
Dec 31, 2024