Lantheus Holdings Inc (LNTH)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 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 | 92,919 | 78,062 | 56,885 | 112,061 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 284,292 | 259,198 | 256,277 | 242,106 | 213,397 | 197,276 | 187,051 | 172,283 | 89,336 | 64,054 | 54,892 | 58,991 | 54,002 | 49,206 | 46,883 | 44,883 | 43,529 | 40,632 | 45,527 | 45,021 |
| 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 |
| Quick ratio | 5.33 | 4.95 | 4.35 | 2.58 | 2.54 | 1.93 | 1.64 | 1.56 | 2.08 | 2.02 | 1.98 | 1.98 | 1.66 | 1.67 | 1.80 | 2.27 | 2.06 | 1.99 | 1.92 | 3.67 |
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 consistent upward trend over the recent quarters, indicating a strong liquidity position. The quick ratio, which measures the company's ability to meet its short-term obligations with its most liquid assets, stood at 5.42 in Q4 2023, demonstrating a substantial increase from 2.59 in Q4 2022. This significant improvement suggests that the company has considerably more current assets readily available to cover its current liabilities.
The quick ratio exceeding 1 indicates that Lantheus Holdings Inc possesses more than enough liquid assets to cover its short-term debts. The quick ratio has continued to strengthen, reaching 5.42 in the latest quarter, providing a clear indication of the company's robust financial position. This uptrend in the quick ratio reflects a positive cash flow management and efficient working capital management by the company. Overall, the consistently high quick ratios suggest that Lantheus Holdings Inc is well-positioned to meet its short-term financial obligations and sustain its operations effectively.
Peer comparison
Dec 31, 2023