Progyny Inc (PGNY)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 162,314 | 97,296 | 120,078 | 91,413 | 70,305 |
| Short-term investments | US$ in thousands | 65,640 | 273,791 | 69,222 | 28,005 | 38,994 |
| Receivables | US$ in thousands | 282,324 | 286,969 | 282,967 | 158,257 | 92,064 |
| Total current liabilities | US$ in thousands | 168,627 | 185,950 | 159,536 | 98,824 | 77,786 |
| Quick ratio | 3.03 | 3.54 | 2.96 | 2.81 | 2.59 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($162,314K
+ $65,640K
+ $282,324K)
÷ $168,627K
= 3.03
The quick ratio of Progyny Inc has shown a positive trend over the past five years, starting at 2.59 as of December 31, 2020, and increasing steadily to reach 3.03 as of December 31, 2024. This indicates that the company has a strong ability to meet its short-term obligations with its most liquid assets, such as cash and accounts receivable. The quick ratio consistently above 1 suggests that Progyny Inc has a comfortable liquidity position and is well-equipped to cover its current liabilities without relying heavily on inventory or other less liquid assets. Overall, the increasing trend in the quick ratio reflects a healthy financial position for Progyny Inc, signaling a good capacity to handle short-term financial obligations.
Peer comparison
Dec 31, 2024