Privia Health Group Inc (PRVA)

Quick 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 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
Receivables US$ in thousands 290,768 350,110 319,839 260,881 189,604 246,348 213,889 166,238 117,402 98,384 126,872 116,720
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
Quick ratio 1.76 1.73 1.78 1.85 2.03 1.85 1.91 2.19 2.30 2.46 2.55 1.26

December 31, 2023 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($389,511K + $—K + $290,768K) ÷ $386,952K
= 1.76

The quick ratio of Privia Health Group Inc has exhibited some fluctuations over the past eight quarters. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets.

In Q4 2023, the quick ratio stands at 1.81, showing a slight decrease compared to the previous quarter's ratio of 1.77. Despite this decrease, the quick ratio remains above 1, indicating that the company still has an adequate level of liquid assets to cover its current liabilities.

Looking back over the past year, the quick ratio has generally been above 1.8, indicating a consistent ability to meet short-term obligations. The peak quick ratio of 2.24 in Q1 2022 suggests a relatively stronger liquidity position at that time.

Overall, Privia Health Group Inc's quick ratio has shown stability and generally remained at healthy levels, indicating a good capacity to settle its short-term debts using its liquid assets. It is important for the company to continue monitoring and managing its liquidity position to ensure ongoing financial stability.


Peer comparison

Dec 31, 2023

Company name
Symbol
Quick ratio
Privia Health Group Inc
PRVA
1.76
US Physicalrapy Inc
USPH
2.00