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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 389,511 | 330,391 | 317,945 | 311,229 | 347,992 | 316,896 | 292,193 | 315,928 | 320,577 |
| 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 |
| Total current liabilities | US$ in thousands | 386,952 | 394,192 | 358,444 | 309,689 | 264,274 | 304,529 | 265,140 | 220,353 | 190,461 |
| Quick ratio | 1.76 | 1.73 | 1.78 | 1.85 | 2.03 | 1.85 | 1.91 | 2.19 | 2.30 |
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