Privia Health Group Inc (PRVA)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Total current assets | US$ in thousands | 700,804 | 551,962 | 446,676 |
| Total current liabilities | US$ in thousands | 386,952 | 264,274 | 190,461 |
| Current ratio | 1.81 | 2.09 | 2.35 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $700,804K ÷ $386,952K
= 1.81
The current ratio of Privia Health Group Inc has shown a declining trend from 2.35 in 2021 to 1.81 in 2023. This indicates that the company's ability to cover its short-term obligations with its current assets has weakened over the past three years. While a current ratio above 1 generally suggests that the company is able to meet its short-term liabilities, the decreasing trend raises concerns about liquidity management. Management should closely monitor the company's current assets and liabilities to ensure the ratio does not fall below a satisfactory level that could impact its ability to meet its short-term financial obligations.
Peer comparison
Dec 31, 2023