Privia Health Group Inc (PRVA)
Cash 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 491,149 | 421,997 | 387,352 | 351,136 | 389,511 | 330,391 | 317,945 | 311,229 | 347,992 | 316,896 | 292,193 | 315,928 | 320,577 | 362,112 | 299,751 | 81,938 | 84,633 |
| Short-term investments | US$ in thousands | 490,658,000 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 449,146,000 | 479,473 | 429,592 | 403,798 | 386,952 | 394,192 | 355,238 | 309,689 | 264,274 | 304,529 | 265,140 | 220,353 | 190,461 | 187,242 | 167,318 | 157,524 | 146,938 |
| Cash ratio | 1.09 | 0.88 | 0.90 | 0.87 | 1.01 | 0.84 | 0.90 | 1.00 | 1.32 | 1.04 | 1.10 | 1.43 | 1.68 | 1.93 | 1.79 | 0.52 | 0.58 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($491,149K
+ $490,658,000K)
÷ $449,146,000K
= 1.09
The cash ratio of Privia Health Group Inc has shown fluctuations over the period from December 31, 2020, to December 31, 2024. The cash ratio measures the company's ability to cover its short-term liabilities with its cash and cash equivalents. A higher cash ratio indicates a stronger ability to cover these obligations.
Initially, the cash ratio was 0.58 on December 31, 2020, which means the company had 0.58 of cash and cash equivalents for every dollar of its current liabilities. The ratio decreased to 0.52 on March 31, 2021, before showing a significant improvement to 1.79 on June 30, 2021, and further increasing to 1.93 on September 30, 2021. This suggests that Privia Health Group had significantly improved its liquidity position during this period.
The cash ratio continued to be favorable, staying above 1 from December 31, 2021, to March 31, 2024, indicating that the company maintained a strong ability to meet its short-term obligations with cash reserves. However, there were slight fluctuations in the ratio during this period, with values ranging between 1.43 and 1.09.
From June 30, 2024, to September 30, 2024, there was a slight decline in the cash ratio from 0.90 to 0.88, suggesting a slight reduction in liquidity. However, the ratio remained above 1, indicating that the company still had sufficient cash to cover its short-term liabilities, albeit at a slightly lower level compared to the previous periods.
Overall, the trend in Privia Health Group Inc's cash ratio demonstrates strong liquidity management capabilities, with the company generally maintaining a healthy level of cash reserves to fulfill its short-term obligations over the analyzed period.
Peer comparison
Dec 31, 2024