Lantheus Holdings Inc (LNTH)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 912,814 | 713,656 | 415,652 | 98,508 | 79,612 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 240,526 | 187,350 | 247,701 | 90,497 | 80,504 |
| Quick ratio | 3.80 | 3.81 | 1.68 | 1.09 | 0.99 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($912,814K
+ $—K
+ $—K)
÷ $240,526K
= 3.80
Based on the quick ratio data provided for Lantheus Holdings Inc, we observe a positive trend over the last five years.
In December 2020, the quick ratio stood at 0.99, indicating that the company had just enough liquid assets to cover its current liabilities. By December 2021, the ratio improved to 1.09, suggesting a slight enhancement in the company's ability to meet short-term obligations with its readily available assets.
The quick ratio experienced significant growth in the following years, reaching 1.68 by December 2022. This indicates an even stronger ability to cover current liabilities with liquid assets. Notably, the quick ratio further improved to 3.81 by December 2023 and remained consistent at 3.80 by December 2024.
The quick ratio exceeding 1 implies that Lantheus Holdings Inc has more than enough liquid assets to pay off its current liabilities, reflecting a healthy liquidity position. The increasing trend in the quick ratio indicates improved short-term financial stability and the company's ability to meet its short-term obligations efficiently. However, it's essential to consider other factors alongside the quick ratio to gain a more comprehensive understanding of Lantheus Holdings Inc's overall financial health.
Peer comparison
Dec 31, 2024