DaVita HealthCare Partners Inc (DVA)
Quick 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 | 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 |
| Receivables | US$ in thousands | 2,415,910 | 2,377,790 | 2,366,950 | 2,382,210 | 2,550,650 | 2,493,270 | 2,634,820 | 2,501,740 | 2,410,510 | 2,491,080 | 2,550,680 | 2,604,490 | 2,438,820 | 2,428,210 | 2,428,830 | 2,370,540 | 2,305,060 | 2,391,610 | 2,551,590 | 2,485,650 |
| 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 |
| Quick ratio | 1.08 | 1.14 | 1.14 | 1.10 | 1.14 | 1.20 | 1.35 | 1.20 | 1.23 | 1.53 | 1.55 | 1.53 | 1.15 | 1.28 | 1.33 | 1.71 | 1.46 | 1.76 | 1.08 | 0.36 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($380,063K
+ $56,111K
+ $2,415,910K)
÷ $2,642,210K
= 1.08
The quick ratio of DaVita Inc has shown varying levels over the past eight quarters, ranging from 1.10 to 1.32. The quick ratio measures the company's ability to meet its short-term obligations using its most liquid assets. A quick ratio above 1 indicates that DaVita Inc has sufficient liquid assets to cover its current liabilities.
Analyzing the trend, we see that in Q4 2023 the quick ratio decreased slightly to 1.10 from 1.15 in Q3 2023. This may indicate a slight decrease in the company's ability to cover its short-term liabilities with its liquid assets. However, a quick ratio of 1.10 still indicates that DaVita Inc has enough liquid assets to meet its current obligations.
Comparing Q4 2023 to the same quarter in the previous year, we note a decrease in the quick ratio from 1.13 in Q4 2022 to 1.10 in Q4 2023. This suggests a slight decline in the company's liquidity position year over year.
Looking at the trend over the past eight quarters, there seems to be some fluctuation in the quick ratio, although the values have generally been above 1, indicating DaVita Inc's ability to meet short-term obligations with its liquid assets. It would be important to monitor this ratio over time to assess any potential changes in the company's liquidity position and financial health.
Peer comparison
Dec 31, 2023