Lantheus Holdings Inc (LNTH)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 912,814 | 866,386 | 757,018 | 718,279 | 713,656 | 614,131 | 414,076 | 470,863 | 415,652 | 257,259 | 171,427 | 105,355 | 98,508 | 91,475 | 91,500 | 68,861 | 79,612 | 87,994 | 90,309 | 95,713 |
| Short-term investments | US$ in thousands | — | -1,663 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Quick ratio | 3.80 | 1.10 | 2.88 | 3.03 | 3.81 | 3.48 | 2.69 | 1.70 | 1.68 | 1.09 | 0.78 | 0.59 | 1.09 | 1.19 | 1.24 | 1.07 | 0.99 | 1.07 | 1.18 | 1.54 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($912,814K
+ $—K
+ $—K)
÷ $240,526K
= 3.80
The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. A quick ratio above 1 indicates that a company has enough quick assets to cover its current liabilities.
Looking at Lantheus Holdings Inc's quick ratio over the reported periods, we observe fluctuations in the ratio. The quick ratio stood above 1 for most of the periods, ranging from a high of 3.81 on December 31, 2023, to a low of 0.59 on March 31, 2022. A ratio above 1 generally indicates a strong ability to cover short-term liabilities with liquid assets.
It is crucial to note that the quick ratio dipped below 1 on March 31, 2022, and June 30, 2024, suggesting potential challenges in meeting immediate payment obligations with liquid assets during those periods. However, the ratio improved significantly in subsequent quarters, especially on December 31, 2023, and December 31, 2024, demonstrating a healthier liquidity position.
Overall, Lantheus Holdings Inc's quick ratio pattern indicates varying levels of liquidity over the reported periods, with certain quarters showing stronger liquidity positions than others. The company's ability to maintain a quick ratio above 1 for the majority of the periods suggests a generally healthy liquidity position to meet short-term obligations.
Peer comparison
Dec 31, 2024