Privia Health Group Inc (PRVA)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 834,823 | 700,804 | 551,962 | 446,676 | 190,084 |
| Total current liabilities | US$ in thousands | 449,146 | 386,952 | 264,274 | 190,461 | 146,938 |
| Current ratio | 1.86 | 1.81 | 2.09 | 2.35 | 1.29 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $834,823K ÷ $449,146K
= 1.86
The current ratio of Privia Health Group Inc has varied over the past five years. As of December 31, 2020, the current ratio was 1.29, indicating that the company had $1.29 in current assets for every $1 in current liabilities.
Subsequently, the current ratio improved significantly to 2.35 by December 31, 2021, reflecting a stronger liquidity position. This improvement suggests that the company had increased its current assets relative to its current liabilities.
However, by December 31, 2022, the current ratio decreased slightly to 2.09, although it remained above 2, indicating that the company still had more than enough current assets to cover its current liabilities.
In the following years, the current ratio showed a downward trend, falling to 1.81 by December 31, 2023, and further to 1.86 by December 31, 2024. While the ratios in these years still indicate that the company had more current assets than current liabilities, the decreasing trend may raise concerns about the company's ability to meet its short-term obligations in the future.
In conclusion, although Privia Health Group Inc has maintained a current ratio above 1 in all the years analyzed, the decreasing trend observed in the most recent years warrants monitoring to ensure the company's liquidity position remains adequate.
Peer comparison
Dec 31, 2024