HealthStream Inc (HSTM)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 130,210 | 114,377 | 106,845 | 114,725 | 224,572 |
| Total current liabilities | US$ in thousands | 118,361 | 117,213 | 100,350 | 119,442 | 105,185 |
| Current ratio | 1.10 | 0.98 | 1.06 | 0.96 | 2.14 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $130,210K ÷ $118,361K
= 1.10
The current ratio of Healthstream Inc has exhibited some fluctuations over the past five years. In 2023, the current ratio stands at 1.10, showing an improvement from 0.98 in 2022. The current ratio indicates that the company's current assets exceed its current liabilities by a factor of 1.10, suggesting that the company has sufficient current assets to cover its short-term obligations.
Comparing the current ratio to previous years, Healthstream Inc's liquidity position has varied. The current ratio was notably higher in 2019 at 2.14, indicating a stronger liquidity position compared to the more recent years. In 2020 and 2021, the current ratio was below 1.00, signaling potential liquidity concerns as current liabilities exceeded current assets during those years.
Overall, while the current ratio has improved in 2023, it is important for Healthstream Inc to closely monitor its liquidity position going forward to ensure it has adequate resources to meet its short-term obligations.
Peer comparison
Dec 31, 2023