Premier Inc (PINC)
Quick ratio
| Jun 30, 2025 | Mar 31, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 83,725 | 71,327 | 85,850 | 86,956 | 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 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 186,282 | 153,224 | 153,747 | 148,245 | — |
| Receivables | US$ in thousands | 417,429 | 421,636 | 446,155 | 439,765 | 462,525 | 455,415 | 454,027 | 413,679 | 414,514 | 406,113 | 405,043 | 382,797 | 374,190 | 381,325 | 427,038 | 411,160 | 408,730 | 447,850 | 405,577 | 376,882 |
| Total current liabilities | US$ in thousands | 910,633 | 880,707 | 732,649 | 648,548 | 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 |
| Quick ratio | 0.55 | 0.56 | 0.73 | 0.81 | 0.79 | 0.71 | 1.19 | 1.13 | 0.62 | 0.55 | 0.53 | 0.67 | 0.61 | 0.65 | 0.71 | 1.03 | 0.96 | 0.86 | 0.94 | 0.74 |
June 30, 2025 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($83,725K
+ $—K
+ $417,429K)
÷ $910,633K
= 0.55
The quick ratio of Premier Inc has demonstrated notable fluctuations over the analyzed period from September 2020 to June 2025. Starting at 0.74 in September 2020, the ratio experienced an upward trend, peaking at 1.13 in September 2023 and further reaching 1.19 in December 2023. This indicates a strengthening in the company's short-term liquidity position, with assets that are readily convertible to cash exceeding current liabilities more comfortably during this phase.
Subsequently, the ratio declined to 0.71 by March 2024 and then showed a moderate increase to 0.79 in June 2024 and 0.81 in September 2024. However, the ratio decreased again to 0.73 by December 2024 and further fell to 0.56 by March 2025, appearing to signal a reduction in the company's capacity for immediate liquidity relative to its current liabilities.
Despite this recent decline, the ratio remains above the critical threshold of 0.5, suggesting that Premier Inc generally maintains an adequate level of liquid assets to cover its short-term obligations throughout most of the period. The upward trend observed until late 2023 reflects periods of enhanced liquidity, while the subsequent declines may indicate tightening liquidity positions or strategic changes impacting current asset compositions.
Overall, the company's quick ratio trajectory indicates periods of improved liquidity interspersed with phases of contraction, underscoring the importance of continuous liquidity management to sustain operational flexibility and meet short-term liabilities effectively.
Peer comparison
Jun 30, 2025