Progyny Inc (PGNY)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 472,721 | 640,407 | 433,856 | 258,539 | 190,222 |
| Total current liabilities | US$ in thousands | 168,627 | 185,950 | 159,536 | 98,824 | 77,786 |
| Current ratio | 2.80 | 3.44 | 2.72 | 2.62 | 2.45 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $472,721K ÷ $168,627K
= 2.80
Based on the provided data, Progyny Inc's current ratio has shown a generally increasing trend over the past five years. The company's current ratio was 2.45 as of December 31, 2020, indicating that for every dollar of current liabilities, the company had $2.45 in current assets.
By December 31, 2021, the current ratio had increased to 2.62, further strengthening the company's ability to cover its short-term obligations. This improvement trend continued in 2022 with a current ratio of 2.72, suggesting a healthy liquidity position.
December 31, 2023, saw a significant spike in the current ratio to 3.44, indicating a substantial increase in current assets relative to current liabilities. However, by December 31, 2024, the ratio had slightly declined to 2.80, but still remained at a level that reflects the company's ability to meet its short-term financial obligations efficiently.
Overall, Progyny Inc's current ratio has shown stability and improvement over the years, signaling strong liquidity and the ability to manage short-term financial commitments effectively.
Peer comparison
Dec 31, 2024