Progyny Inc (PGNY)
Cash 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 162,314 | 91,480 | 94,960 | 114,959 | 97,296 | 158,075 | 170,570 | 155,320 | 120,078 | 72,520 | 54,730 | 38,821 | 91,413 | 92,224 | 48,747 | 29,820 | 70,305 | 53,965 | 49,392 |
| Short-term investments | US$ in thousands | 65,640 | 144,240 | 167,228 | 256,872 | 273,791 | 177,477 | 111,925 | 52,569 | 69,222 | 68,473 | 67,655 | 66,855 | 28,005 | 22,086 | 45,221 | 77,095 | 38,994 | 50,995 | 41,984 |
| Total current liabilities | US$ in thousands | 168,627 | 208,471 | 225,375 | 205,919 | 185,950 | 193,419 | 193,900 | 206,867 | 159,536 | 156,868 | 144,897 | 128,717 | 98,824 | 104,484 | 98,785 | 100,998 | 77,786 | 74,166 | 57,668 |
| Cash ratio | 1.35 | 1.13 | 1.16 | 1.81 | 2.00 | 1.73 | 1.46 | 1.00 | 1.19 | 0.90 | 0.84 | 0.82 | 1.21 | 1.09 | 0.95 | 1.06 | 1.41 | 1.42 | 1.58 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($162,314K
+ $65,640K)
÷ $168,627K
= 1.35
The cash ratio of Progyny Inc has shown some fluctuations over the past few years. The cash ratio measures the company's ability to cover its current liabilities with its cash and cash equivalents. A higher cash ratio indicates a stronger ability to cover short-term obligations.
From June 30, 2020, to December 31, 2021, the cash ratio remained relatively stable, ranging from 1.58 to 1.21. This suggests that Progyny had a comfortable level of liquidity to meet its short-term liabilities during this period.
However, from March 31, 2022, to June 30, 2024, the cash ratio experienced a downward trend, declining to as low as 0.82. This may indicate a potential strain on the company's ability to cover its short-term obligations with cash on hand during this period.
On a positive note, from September 30, 2024, to December 31, 2024, the cash ratio showed a slight improvement, reaching 1.35. This uptick suggests a better liquidity position for Progyny at the end of 2024.
Overall, while there have been fluctuations in the cash ratio of Progyny Inc, it is important for investors and stakeholders to monitor this ratio to assess the company's short-term liquidity position and ability to meet its immediate financial obligations.
Peer comparison
Dec 31, 2024