Privia Health Group Inc (PRVA)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 491,149 | 389,511 | 347,992 | 320,577 | 84,633 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 449,146 | 386,952 | 264,274 | 190,461 | 146,938 |
| Cash ratio | 1.09 | 1.01 | 1.32 | 1.68 | 0.58 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($491,149K
+ $—K)
÷ $449,146K
= 1.09
The cash ratio of Privia Health Group Inc has shown a fluctuating trend over the past five years. Starting at 0.58 on December 31, 2020, the ratio increased significantly to 1.68 by the end of 2021, indicating a substantial improvement in the company's ability to cover its short-term liabilities with its available cash. However, this ratio slightly decreased to 1.32 by the end of 2022, followed by a further decline to 1.01 by the end of 2023.
Despite the decrease, Privia Health Group Inc was still able to maintain a healthy cash ratio above 1, signifying that the company had sufficient cash to meet its short-term obligations during these years. The ratio witnessed a slight improvement to 1.09 by the end of 2024, suggesting a moderate increase in the company's cash position relative to its current liabilities. Overall, the company's cash ratio demonstrates its ability to manage liquidity effectively, although there were fluctuations in the ratio over the years, indicating the need for continued monitoring and management of cash resources.
Peer comparison
Dec 31, 2024