Lantheus Holdings Inc (LNTH)
Cash 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 and cash equivalents | US$ in thousands | 912,814 | 866,386 | 757,018 | 718,279 | 713,656 | 614,131 | 414,076 | 470,863 | 415,652 | 257,259 | 171,427 | 105,355 | 98,508 | 91,475 | 91,500 | 68,861 | 79,612 | 87,994 | 90,309 | 95,713 |
| Short-term investments | US$ in thousands | — | -1,663 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 240,526 | 784,079 | 263,285 | 237,198 | 187,350 | 176,602 | 154,043 | 276,388 | 247,701 | 235,984 | 219,016 | 177,657 | 90,497 | 76,903 | 73,826 | 64,590 | 80,504 | 82,000 | 76,336 | 61,959 |
| Cash ratio | 3.80 | 1.10 | 2.88 | 3.03 | 3.81 | 3.48 | 2.69 | 1.70 | 1.68 | 1.09 | 0.78 | 0.59 | 1.09 | 1.19 | 1.24 | 1.07 | 0.99 | 1.07 | 1.18 | 1.54 |
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 of Lantheus Holdings Inc has fluctuated over the past few years, indicating changes in the company's liquidity position. The cash ratio measures the company's ability to cover its short-term obligations with readily available cash and cash equivalents.
From March 31, 2020 to June 30, 2022, the cash ratio of Lantheus Holdings Inc experienced a decreasing trend, dropping from 1.54 to 0.78. This decline may suggest a potential strain on the company's liquidity during this period.
However, starting from September 30, 2022, there was a notable improvement in the cash ratio, reaching a peak of 3.81 by December 31, 2023. This substantial increase indicates a significant enhancement in the company's ability to meet short-term obligations with cash on hand.
Subsequently, by December 31, 2024, the cash ratio dropped to 3.80, which is still relatively high compared to the earlier periods. This indicates that Lantheus Holdings Inc maintains a healthy level of liquidity to cover its short-term liabilities.
Overall, the trend of Lantheus Holdings Inc's cash ratio suggests that the company has managed its liquidity effectively, with fluctuations reflecting changes in its cash position and short-term obligations over the analyzed period.
Peer comparison
Dec 31, 2024