Inari Medical Inc (NARI)

Quick ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash	US$ in thousands	38,597	60,222	92,752	114,229
Short-term investments	US$ in thousands	76,855	266,179	83,348	49,981
Receivables	US$ in thousands	70,119	58,611	42,351	28,008
Total current liabilities	US$ in thousands	76,339	56,174	42,513	13,838
Quick ratio		2.43	6.85	5.14	13.89

December 31, 2023 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($38,597K + $76,855K + $70,119K) ÷ $76,339K
= 2.43

The quick ratio of Inari Medical Inc has fluctuated over the four years presented. In 2020, the quick ratio was notably high at 14.09, indicating a strong ability to meet short-term obligations using only quick assets. In the subsequent years, the quick ratio decreased but remained above 5, reflecting continued liquidity strength. The quick ratio of 2.52 in 2023 suggests that the company still has significant liquid assets available to cover its current liabilities, albeit to a lesser extent compared to previous years. This indicates that Inari Medical Inc has maintained a healthy liquidity position, which is vital for its financial stability and operational flexibility.