HealthStream Inc (HSTM)
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 | 59,469 | 57,489 | 46,131 | 52,407 | 40,333 | 44,123 | 25,805 | 48,836 | 46,023 | 48,257 | 37,216 | 43,370 | 46,905 | 55,459 | 49,792 | 45,348 | 36,566 | 107,007 | 112,534 | 107,425 |
| Short-term investments | US$ in thousands | 37,748 | 37,404 | 36,869 | 31,265 | 30,800 | 27,691 | 30,158 | 9,818 | 7,885 | 3,587 | 2,000 | 2,008 | 5,041 | 5,095 | 5,349 | 10,622 | 9,928 | 42,666 | 31,989 | 34,585 |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 115,693 | 110,572 | 111,883 | 126,070 | 118,361 | 114,582 | 109,151 | 121,004 | 117,213 | 105,390 | 104,914 | 114,562 | 100,350 | 101,950 | 105,918 | 116,906 | 119,442 | 95,014 | 92,442 | 102,474 |
| Quick ratio | 0.84 | 0.86 | 0.74 | 0.66 | 0.60 | 0.63 | 0.51 | 0.48 | 0.46 | 0.49 | 0.37 | 0.40 | 0.52 | 0.59 | 0.52 | 0.48 | 0.39 | 1.58 | 1.56 | 1.39 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($59,469K
+ $37,748K
+ $—K)
÷ $115,693K
= 0.84
The quick ratio of HealthStream Inc, which measures the company's ability to meet its short-term liabilities with its most liquid assets, has exhibited fluctuations over the period from March 31, 2020, to December 31, 2024.
From March 31, 2020, to September 30, 2021, the quick ratio showed a generally positive trend, increasing from 1.39 to 0.59. This indicates that the company had sufficient liquid assets to cover its short-term obligations during this period. However, there was a significant decline in the ratio by December 31, 2021, to 0.52, suggesting a potential strain on the company's liquidity position.
The quick ratio continued to fluctuate between 0.37 and 0.66 from March 31, 2022, to June 30, 2024. The ratio fell below 1 during most of this period, indicating that HealthStream Inc may have faced challenges in meeting its short-term obligations with its current assets.
Notably, there was an improvement in the quick ratio by the end of the period, reaching 0.84 by December 31, 2024. This suggests that the company may have enhanced its liquidity position and is better positioned to cover its short-term liabilities with its liquid assets.
Overall, the analysis of HealthStream Inc's quick ratio highlights fluctuations in the company's ability to meet its short-term obligations with its liquid assets over the observed period. Investors and stakeholders may want to closely monitor these trends to assess the company's financial health and liquidity management.
Peer comparison
Dec 31, 2024