DaVita HealthCare Partners Inc (DVA)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 3,137,910 | 3,135,360 | 3,001,970 | 3,039,740 | 3,155,290 | 3,202,440 | 3,264,110 | 3,128,710 | 3,167,720 | 3,839,540 | 3,978,590 | 3,866,680 | 3,148,720 | 3,429,680 | 5,779,830 | 4,023,940 | 3,690,170 | 3,998,720 | 6,390,630 | 9,225,080 |
| 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 |
| Current ratio | 1.19 | 1.24 | 1.25 | 1.19 | 1.20 | 1.26 | 1.41 | 1.29 | 1.32 | 1.62 | 1.67 | 1.67 | 1.27 | 1.37 | 1.35 | 1.81 | 1.56 | 1.81 | 1.12 | 1.12 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $3,137,910K ÷ $2,642,210K
= 1.19
DaVita Inc's current ratio has shown some fluctuation over the past eight quarters. The current ratio measures the company's ability to meet its short-term obligations with its current assets.
In Q4 2023, the current ratio was 1.19, indicating that for every dollar of current liabilities, DaVita had $1.19 in current assets. This ratio decreased from the previous quarter, Q3 2023, when it was 1.24.
Looking at the trend over the past year, there seems to be some volatility in the current ratio, with fluctuations between 1.19 and 1.41. Generally, a current ratio above 1 indicates that a company has more current assets than current liabilities, which is a positive sign for creditors and investors.
It is important for DaVita Inc to closely monitor and manage its current ratio to ensure it maintains a healthy level of liquidity to cover its short-term obligations. Any significant downward trend in the current ratio may raise concerns about the company's financial health and ability to meet its short-term obligations. Further analysis, including examining the composition of current assets and liabilities, is recommended to gain a more comprehensive understanding of DaVita Inc's liquidity position.
Peer comparison
Dec 31, 2023