Progyny Inc (PGNY)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 640,407 | 611,272 | 561,130 | 527,079 | 433,856 | 401,866 | 356,378 | 309,026 | 258,539 | 254,424 | 238,491 | 227,799 | 190,222 | 184,590 | 159,705 | 161,938 | 132,444 | 53,338 |
| Total current liabilities | US$ in thousands | 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 | 59,056 | 36,163 | 57,564 |
| Current ratio | 3.44 | 3.16 | 2.89 | 2.55 | 2.72 | 2.56 | 2.46 | 2.40 | 2.62 | 2.44 | 2.41 | 2.26 | 2.45 | 2.49 | 2.77 | 2.74 | 3.66 | 0.93 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $640,407K ÷ $185,950K
= 3.44
The current ratio of Progyny Inc has been displaying a generally positive trend over the past eight quarters. The ratio, which measures the company's ability to meet its short-term financial obligations with its current assets, has consistently been above 2.0, indicating a healthy liquidity position.
In the most recent quarter, Q4 2023, the current ratio reached 3.44, showing a significant improvement compared to the previous quarters. This indicates that Progyny Inc has a strong ability to cover its current liabilities with its current assets. Furthermore, the current ratio has been steadily increasing since Q1 2022, where it stood at 2.40.
Overall, the increasing trend in the current ratio suggests that Progyny Inc has been effectively managing its current assets and liabilities, enhancing its liquidity position and financial stability. Investors and stakeholders may view this trend positively as it signifies the company's ability to meet its short-term obligations comfortably.
Peer comparison
Dec 31, 2023