Lantheus Holdings Inc (LNTH)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,326,630 | 1,295,710 | 1,231,150 | 1,148,800 | 1,085,820 | 948,435 | 752,219 | 773,274 | 677,616 | 501,898 | 404,422 | 324,747 | 235,791 | 201,521 | 186,213 | 168,354 | 184,225 | 184,532 | 181,156 | 180,377 |
| 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 |
| Current ratio | 5.52 | 1.65 | 4.68 | 4.84 | 5.80 | 5.37 | 4.88 | 2.80 | 2.74 | 2.13 | 1.85 | 1.83 | 2.61 | 2.62 | 2.52 | 2.61 | 2.29 | 2.25 | 2.37 | 2.91 |
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 fluctuations over the reported periods, ranging from a low of 1.65 on September 30, 2024, to a high of 5.80 on December 31, 2023. Generally, a current ratio above 2 indicates good short-term liquidity, as the company has more current assets to cover its current liabilities.
The current ratio has been relatively strong, consistently above 2 for most periods, suggesting that Lantheus Holdings Inc has been able to meet its short-term obligations comfortably. However, there was a decline in the current ratio in the most recent periods, dropping to 4.68 on June 30, 2024, and further to 1.65 on September 30, 2024.
The sharp decrease in the current ratio in the last two quarters of 2024 may raise a concern about the company's ability to meet its short-term obligations. It is important to closely monitor this trend to assess if it represents a temporary fluctuation or a potential liquidity issue for Lantheus Holdings Inc in the future.
Peer comparison
Dec 31, 2024