Progyny Inc (PGNY)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 472,721 | 546,302 | 582,243 | 681,512 | 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 |
| 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 |
| Current ratio | 2.80 | 2.62 | 2.58 | 3.31 | 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 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $472,721K ÷ $168,627K
= 2.80
The current ratio of Progyny Inc has shown fluctuations over the analyzed period, being consistently above 2.0. This indicates that the company has a strong ability to meet its short-term obligations with its current assets. The ratio peaked at 3.44 as of December 31, 2023, suggesting a particularly robust liquidity position at that time. However, there was a slight decrease in the current ratio to 2.58 as of June 30, 2024, which may warrant further monitoring to ensure the company maintains a comfortable liquidity position going forward. Overall, the trend indicates that Progyny Inc has been managing its current assets and liabilities effectively to ensure sufficient liquidity for its operations.
Peer comparison
Dec 31, 2024