Privia Health Group Inc (PRVA)
Cash ratio
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 389,511 | 330,391 | 317,945 | 311,229 | 347,992 | 316,896 | 292,193 | 315,928 | 320,577 | 362,112 | 299,751 | 81,938 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 386,952 | 394,192 | 358,444 | 309,689 | 264,274 | 304,529 | 265,140 | 220,353 | 190,461 | 187,242 | 167,318 | 157,524 |
| Cash ratio | 1.01 | 0.84 | 0.89 | 1.00 | 1.32 | 1.04 | 1.10 | 1.43 | 1.68 | 1.93 | 1.79 | 0.52 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($389,511K
+ $—K)
÷ $386,952K
= 1.01
The cash ratio for Privia Health Group Inc has shown fluctuations over the past eight quarters. The cash ratio measures the company's ability to cover its short-term liabilities with cash and cash equivalents. A higher cash ratio indicates a greater ability to meet short-term obligations.
In Q1 2022, the cash ratio was at its highest value of 1.48, indicating a strong liquidity position. However, the ratio decreased in the following quarters, reaching its lowest point of 0.88 in Q3 2023. This decline may raise concerns about the company's ability to cover its short-term liabilities with available cash.
It is worth noting that the cash ratio rebounded to 1.06 in both Q4 2023 and Q1 2023. While this shows an improvement in liquidity compared to the previous quarter, the ratio has not yet reached the levels seen in early 2022.
Overall, the fluctuating cash ratio of Privia Health Group Inc suggests varying levels of liquidity and highlights the importance of monitoring the company's ability to meet its short-term obligations with available cash reserves.
Peer comparison
Dec 31, 2023