Privia Health Group Inc (PRVA)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 700,804 | 697,668 | 654,000 | 588,777 | 551,962 | 579,646 | 521,270 | 492,558 | 446,676 | 469,424 | 436,450 | 204,646 |
| 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 |
| Current ratio | 1.81 | 1.77 | 1.82 | 1.90 | 2.09 | 1.90 | 1.97 | 2.24 | 2.35 | 2.51 | 2.61 | 1.30 |
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 exhibited fluctuations over the past eight quarters. The current ratio measures the company's ability to meet its short-term obligations using its current assets.
In Q4 2023, the current ratio was 1.81, indicating that the company had $1.81 in current assets for every $1 in current liabilities. This ratio decreased slightly from Q3 2023 (1.77) but remained relatively stable compared to the preceding quarters.
The current ratio was highest in Q1 2022 at 2.24, suggesting a stronger liquidity position for the company at that time. However, there has been a downward trend in the current ratio since then, with a notable decline from Q2 2022 onwards.
Overall, the current ratio of Privia Health Group Inc has shown some variability, but it has generally remained above 1, indicating that the company has had sufficient current assets to cover its short-term obligations. Continued monitoring of this ratio will be important to assess the company's ability to manage its liquidity effectively.
Peer comparison
Dec 31, 2023