DaVita HealthCare Partners Inc (DVA)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 794,933 | 380,063 | 244,086 | 461,900 | 324,958 |
| Short-term investments | US$ in thousands | 135,788 | 56,111 | 184,708 | 79,135 | 72,395 |
| Receivables | US$ in thousands | 2,557,680 | 2,415,910 | 2,550,650 | 2,410,510 | 2,438,820 |
| Total current liabilities | US$ in thousands | 2,973,410 | 2,642,210 | 2,619,750 | 2,398,530 | 2,476,140 |
| Quick ratio | 1.17 | 1.08 | 1.14 | 1.23 | 1.15 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($794,933K
+ $135,788K
+ $2,557,680K)
÷ $2,973,410K
= 1.17
DaVita HealthCare Partners Inc's quick ratio has shown some fluctuations over the past five years. The quick ratio measures the company's ability to meet its short-term financial obligations with its most liquid assets. The company's quick ratio has remained relatively healthy, ranging from 1.08 to 1.23 during this period.
In 2021, the quick ratio improved to 1.23, indicating an increase in DaVita's ability to cover its immediate liabilities with its current liquid assets. However, in 2023 the ratio decreased to 1.08, suggesting a slight weakening of the company's short-term liquidity position. The company regained some ground in 2024 with a quick ratio of 1.17.
Overall, DaVita HealthCare Partners Inc's quick ratio has generally been above 1, which is typically considered a good sign as it indicates that the company has sufficient liquid assets to cover its short-term obligations. Investors and analysts typically look for consistent or improving quick ratios as a sign of a company's financial health and operational efficiency.
Peer comparison
Dec 31, 2024