Lantheus Holdings Inc (LNTH)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,326,630 | 1,085,820 | 677,616 | 235,791 | 184,225 |
| Total current liabilities | US$ in thousands | 240,526 | 187,350 | 247,701 | 90,497 | 80,504 |
| Current ratio | 5.52 | 5.80 | 2.74 | 2.61 | 2.29 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,326,630K ÷ $240,526K
= 5.52
The current ratio of Lantheus Holdings Inc has shown an increasing trend over the period from December 31, 2020, to December 31, 2024. This indicates that the company's ability to meet its short-term obligations with its current assets has improved significantly. The current ratio was 2.29 on December 31, 2020, and has gradually increased to 5.52 on December 31, 2024.
A current ratio above 1 generally suggests that a company is able to cover its short-term liabilities with its current assets. Lantheus Holdings Inc's current ratio consistently exceeds 2 throughout the period under consideration, indicating a strong ability to meet its short-term obligations. The substantial increase in the current ratio from 2020 to 2024 suggests an enhanced liquidity position and may reflect improved financial health and stability in the company's operations. This trend could potentially indicate efficient management of working capital and prudent financial planning.
Peer comparison
Dec 31, 2024