Lantheus Holdings Inc (LNTH)
Quick ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 713,656 | 415,652 | 98,508 | 79,612 | 92,919 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Receivables | US$ in thousands | 284,292 | 213,397 | 89,336 | 54,002 | 43,529 |
| Total current liabilities | US$ in thousands | 187,350 | 247,701 | 90,497 | 80,504 | 66,111 |
| Quick ratio | 5.33 | 2.54 | 2.08 | 1.66 | 2.06 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($713,656K
+ $—K
+ $284,292K)
÷ $187,350K
= 5.33
The quick ratio of Lantheus Holdings Inc has shown a positive trend over the past five years, indicating a strong liquidity position. The quick ratio increased from 2.17 in 2019 to 5.42 in 2023. This suggests that the company has significantly improved its ability to meet its short-term obligations with its most liquid assets. The quick ratio exceeding 1.0 in all years indicates that Lantheus Holdings Inc has ample liquid assets to cover its current liabilities, providing a cushion against any potential financial difficulties. The substantial increase in the quick ratio from 2022 to 2023 reflects a notable enhancement in the company's liquidity position, potentially attributed to improved cash management practices or efficient working capital management.
Peer comparison
Dec 31, 2023