Lantheus Holdings Inc (LNTH)
Cash ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 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 | 92,919 | 78,062 | 56,885 | 112,061 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 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 | 66,111 | 59,586 | 53,357 | 42,768 |
| Cash ratio | 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 | 1.41 | 1.31 | 1.07 | 2.62 |
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 of Lantheus Holdings Inc has shown a consistent improvement over the quarters, indicating the company's ability to cover its short-term liabilities with its available cash and cash equivalents. The ratio has increased from 0.67 in Q1 2022 to 3.90 in Q4 2023. This signifies a substantial enhancement in the company's liquidity position over this period.
The upward trend in the cash ratio suggests that Lantheus Holdings Inc has been effectively managing its cash resources and is in a strong position to meet its immediate financial obligations. A higher cash ratio also implies a reduced reliance on external financing or the need to liquidate other assets quickly to address short-term liabilities.
Overall, the improvement in Lantheus Holdings Inc's cash ratio reflects positively on the company's financial health and its ability to navigate potential liquidity challenges. It indicates prudent cash management practices and a strengthened capacity to weather unforeseen financial difficulties.
Peer comparison
Dec 31, 2023