Astrana Health Inc (ASTH)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 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 | 103,189 | 230,299 | 52,726 |
| Short-term investments | US$ in thousands | 2,722 | 2,846 | 3,917 | 5,589 | 4,638 | 11,167 | 41,481 | 53,890 | 60,693 | 81,810 | 185,558 | 307,106 | 67,000 | 67,753 | 118,356 | 117,745 | 117,139 | 116,609 | 1,222 | 1,176 |
| Receivables | US$ in thousands | 1,783 | 11,992 | 1,501 | 1,201 | 156,782 | 125,750 | 214,617 | 174,655 | 148,950 | 93,631 | 82,152 | 93,869 | 87,838 | 60,665 | 70,188 | 99,260 | 108,210 | 98,950 | 79,392 | 100,090 |
| 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 |
| Quick ratio | 0.96 | 1.41 | 1.38 | 1.62 | 2.64 | 2.86 | 2.82 | 2.50 | 2.79 | 3.54 | 4.05 | 4.51 | 2.94 | 2.80 | 2.70 | 2.42 | 2.87 | 3.02 | 2.96 | 1.97 |
March 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($334,796K
+ $2,722K
+ $1,783K)
÷ $355,272K
= 0.96
The quick ratio of Astrana Health Inc has ranged from 0.96 to 4.51 over the past 20 quarters. A quick ratio above 1 suggests that the company has an adequate level of liquid assets to cover its short-term obligations. In this context, Astrana Health Inc generally maintained a healthy quick ratio, with values consistently above 1.
The quick ratio peaked at 4.51 in the fourth quarter of 2021, indicating a strong ability to meet short-term liabilities with liquid assets. This suggests a comfortable liquidity position at that time. However, the ratio declined in subsequent quarters but remained above 1, indicating continued liquidity strength.
It's worth noting that the quick ratio saw a significant decrease in the first quarter of 2023 to 0.96, possibly indicating a temporary liquidity challenge or a change in the company's short-term asset composition. However, the ratio improved gradually in the following quarters.
Overall, the trend in Astrana Health Inc's quick ratio shows a generally healthy liquidity position throughout the analyzed period, with occasional fluctuations that should be further investigated to understand the underlying reasons and potential implications for the company's financial health.
Peer comparison
Mar 31, 2024