Lantheus Holdings Inc (LNTH)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 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 | 172,911 | 154,386 | 139,861 | 195,498 |
| 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 |
| Current ratio | 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 | 2.62 | 2.59 | 2.62 | 4.57 |
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 shown a generally positive trend over the past eight quarters, indicating the company's strong ability to cover its short-term liabilities with its current assets. The current ratio has consistently improved from 1.83 in Q1 2022 to 5.80 in Q4 2023.
This increase reflects a significant enhancement in the company's liquidity position, with current assets now nearly six times greater than current liabilities in Q4 2023. The company's ability to meet its short-term obligations has strengthened considerably, providing a favorable signal of financial health.
Overall, the current ratio trend suggests that Lantheus Holdings Inc has been efficiently managing its working capital and maintaining a robust liquidity position over the analyzed period.
Peer comparison
Dec 31, 2023