Lantheus Holdings Inc (LNTH)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,085,820 | 677,616 | 235,791 | 184,225 | 172,911 |
| Total current liabilities | US$ in thousands | 187,350 | 247,701 | 90,497 | 80,504 | 66,111 |
| Current ratio | 5.80 | 2.74 | 2.61 | 2.29 | 2.62 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,085,820K ÷ $187,350K
= 5.80
The current ratio of Lantheus Holdings Inc has consistently shown improvement over the past five years, indicating a strong liquidity position. As of December 31, 2023, the current ratio stands at 5.80, reflecting the company's ability to cover its short-term obligations with a significant margin of safety. This increase from 2.74 in 2022 suggests that Lantheus Holdings Inc has significantly strengthened its liquidity position over the past year. Furthermore, the current ratio has been consistently above 2 in recent years, showing that the company maintains a healthy balance between current assets and current liabilities. Overall, the trend in Lantheus Holdings Inc's current ratio signifies a robust financial position and ability to meet its short-term obligations comfortably.
Peer comparison
Dec 31, 2023