DaVita HealthCare Partners Inc (DVA)
Quick ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 794,933 | 1,070,780 | 416,493 | 345,131 | 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 |
| Short-term investments | US$ in thousands | 135,788 | 75,836 | 73,165 | 53,948 | 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 |
| Receivables | US$ in thousands | 2,557,680 | 2,631,370 | 2,733,120 | 2,991,070 | 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 |
| Total current liabilities | US$ in thousands | 2,973,410 | 2,943,990 | 2,994,790 | 2,583,100 | 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 |
| Quick ratio | 1.17 | 1.28 | 1.08 | 1.31 | 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 |
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
The quick ratio of DaVita HealthCare Partners Inc has shown some fluctuations over the period from March 31, 2020, to December 31, 2024. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets excluding inventory.
Initially, the quick ratio stood at a healthy 1.71 on March 31, 2020, indicating the company had $1.71 in liquid assets to cover each $1 of current liabilities. This demonstrates a strong ability to meet short-term obligations without relying heavily on inventory.
However, the quick ratio dipped gradually over the next few quarters, reaching its lowest point of 1.08 on December 31, 2023. This decline could suggest a potential strain on liquidity as the company's ability to cover short-term obligations decreased.
Subsequently, there was a slight improvement in the quick ratio, with it rising to 1.17 as of December 31, 2024. While an increase in the quick ratio indicates a better ability to meet short-term obligations, it's worth noting that the ratio has not yet fully recovered to the levels seen in earlier periods.
Overall, DaVita HealthCare Partners Inc's quick ratio fluctuated throughout the period analyzed, showing both strengths and potential weaknesses in terms of liquidity management. Monitoring this ratio moving forward will be essential for assessing the company's ability to meet its short-term financial commitments effectively.
Peer comparison
Dec 31, 2024