Premier Inc (PINC)
Cash ratio
| 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 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 125,146 | 61,856 | 371,110 | 453,261 | 89,793 | 91,493 | 94,623 | 176,630 | 86,143 | 179,503 | 86,161 | 184,421 | 129,141 | 132,584 | 109,013 | 120,416 | 99,304 | 241,734 | 111,570 | 125,244 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | 186,282 | 153,224 | 153,747 | 148,245 | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 746,563 | 725,679 | 693,695 | 770,526 | 815,463 | 900,332 | 934,028 | 838,001 | 753,137 | 863,175 | 723,010 | 757,041 | 716,784 | 852,845 | 704,872 | 668,064 | 496,074 | 686,183 | 450,242 | 410,631 |
| Cash ratio | 0.17 | 0.09 | 0.53 | 0.59 | 0.11 | 0.10 | 0.10 | 0.21 | 0.11 | 0.21 | 0.12 | 0.49 | 0.39 | 0.34 | 0.36 | 0.18 | 0.20 | 0.35 | 0.25 | 0.31 |
June 30, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($125,146K
+ $—K)
÷ $746,563K
= 0.17
Premier Inc's cash ratio has shown significant fluctuation over the past several quarters. The cash ratio represents the company's ability to cover its short-term liabilities with its cash and cash equivalents.
In the most recent quarter, Jun 30, 2024, the cash ratio stands at 0.17, indicating that Premier Inc has $0.17 in cash and cash equivalents for every $1 of current liabilities. This suggests a lower liquidity position compared to the previous quarter.
The lowest cash ratio in the data set was recorded in Mar 31, 2024, at 0.09, signifying a potential liquidity strain during that period. However, the company improved its liquidity significantly in the following quarter, Dec 31, 2023, with a cash ratio of 0.53, indicating a stronger ability to meet short-term obligations.
Overall, Premier Inc's cash ratio has been quite volatile, with fluctuations in the company's cash position affecting its liquidity position. It is essential for the company to maintain a healthy cash ratio to ensure it can meet its short-term financial obligations effectively. Further analysis of the company's cash management practices and overall financial health may provide additional insights into its liquidity position.
Peer comparison
Jun 30, 2024