Lantheus Holdings Inc (LNTH)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 912,814 | 713,656 | 415,652 | 98,508 | 79,612 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 240,526 | 187,350 | 247,701 | 90,497 | 80,504 |
| Cash ratio | 3.80 | 3.81 | 1.68 | 1.09 | 0.99 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($912,814K
+ $—K)
÷ $240,526K
= 3.80
The cash ratio for Lantheus Holdings Inc has shown a steady increase over the years, indicating an improving ability to cover its short-term liabilities solely with its cash and cash equivalents.
As of December 31, 2020, the cash ratio stood at 0.99, which means the company had just enough cash to cover its short-term obligations. However, by December 31, 2024, the cash ratio had significantly risen to 3.80, suggesting a strengthening liquidity position.
This upward trend in the cash ratio reflects positive management of the company's cash resources and a reduced reliance on external financing to meet its short-term financial obligations. A higher cash ratio typically implies a lower risk of insolvency and enhances the company's ability to weather financial downturns or unexpected expenses.
Peer comparison
Dec 31, 2024