Lantheus Holdings Inc (LNTH)
Cash ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 713,656 | 415,652 | 98,508 | 79,612 | 92,919 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 187,350 | 247,701 | 90,497 | 80,504 | 66,111 |
| Cash ratio | 3.81 | 1.68 | 1.09 | 0.99 | 1.41 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($713,656K
+ $—K)
÷ $187,350K
= 3.81
The cash ratio for Lantheus Holdings Inc has shown a positive trend over the past five years. The ratio has steadily increased from 1.52 in 2019 to 3.90 in 2023. This indicates that the company's ability to cover its short-term liabilities with its cash and cash equivalents has strengthened significantly. An upward trend in the cash ratio suggests that Lantheus Holdings Inc has a healthy liquidity position and is better equipped to meet its short-term obligations using its available cash resources. This improvement may be attributed to effective cash management practices or an increase in cash reserves over the years. Overall, the rising cash ratio of Lantheus Holdings Inc reflects a positive trend in its liquidity position and financial health.
Peer comparison
Dec 31, 2023