DaVita HealthCare Partners Inc (DVA)
Cash ratio
| 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 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 380,063 | 449,458 | 327,443 | 317,132 | 244,086 | 367,510 | 262,605 | 327,502 | 461,900 | 1,045,740 | 1,043,630 | 884,205 | 324,958 | 710,514 | 2,928,910 | 1,381,760 | 1,102,370 | 1,253,260 | 3,575,640 | 459,242 |
| Short-term investments | US$ in thousands | 56,111 | 53,735 | 55,966 | 129,447 | 184,708 | 177,134 | 230,533 | 71,678 | 79,135 | 86,978 | 107,179 | 54,011 | 72,395 | 68,587 | 336,570 | 53,409 | 59,663 | 236,467 | 45,477 | 42,484 |
| Total current liabilities | US$ in thousands | 2,642,210 | 2,537,930 | 2,403,420 | 2,565,090 | 2,619,750 | 2,537,410 | 2,310,750 | 2,420,450 | 2,398,530 | 2,363,050 | 2,386,040 | 2,314,720 | 2,476,140 | 2,499,240 | 4,274,560 | 2,220,750 | 2,372,100 | 2,206,640 | 5,706,940 | 8,230,880 |
| Cash ratio | 0.17 | 0.20 | 0.16 | 0.17 | 0.16 | 0.21 | 0.21 | 0.16 | 0.23 | 0.48 | 0.48 | 0.41 | 0.16 | 0.31 | 0.76 | 0.65 | 0.49 | 0.68 | 0.63 | 0.06 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($380,063K
+ $56,111K)
÷ $2,642,210K
= 0.17
The cash ratio measures a company's ability to cover its short-term liabilities with its cash and cash equivalents. DaVita Inc's cash ratio has shown consistent fluctuation over the past eight quarters. In Q4 2023, the cash ratio stood at 0.19, indicating that the company had $0.19 in cash and cash equivalents for every $1 of current liabilities. This represented a decrease from the previous quarter where the ratio was 0.22.
The company's cash ratio ranged between 0.15 and 0.22 over the past two years, with Q3 2022 and Q1 2023 showing the highest and lowest ratios, respectively. The variation in the cash ratio suggests fluctuations in DaVita Inc's liquidity position during this period.
Despite the fluctuations, the company has generally maintained a cash ratio above 0.15, indicating that it has had a reasonable level of cash reserves to cover its short-term obligations. However, investors and stakeholders should continue to monitor DaVita Inc's cash ratio over time to assess the company's liquidity risk and ability to meet its short-term financial obligations.
Peer comparison
Dec 31, 2023