Privia Health Group Inc (PRVA)
Quick ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 491,149 | 421,997 | 387,352 | 351,136 | 389,511 | 330,391 | 317,945 | 311,229 | 347,992 | 316,896 | 292,193 | 315,928 | 320,577 | 362,112 | 299,751 | 81,938 | 84,633 |
| Short-term investments | US$ in thousands | 490,658,000 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 449,146,000 | 479,473 | 429,592 | 403,798 | 386,952 | 394,192 | 355,238 | 309,689 | 264,274 | 304,529 | 265,140 | 220,353 | 190,461 | 187,242 | 167,318 | 157,524 | 146,938 |
| Quick ratio | 1.09 | 0.88 | 0.90 | 0.87 | 1.01 | 0.84 | 0.90 | 1.00 | 1.32 | 1.04 | 1.10 | 1.43 | 1.68 | 1.93 | 1.79 | 0.52 | 0.58 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($491,149K
+ $490,658,000K
+ $—K)
÷ $449,146,000K
= 1.09
The quick ratio of Privia Health Group Inc has shown some fluctuations over the period from December 31, 2020, to December 31, 2024. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets. A quick ratio of less than 1 indicates that the company may have difficulties meeting its short-term liabilities.
From December 31, 2020, to March 31, 2021, the quick ratio decreased from 0.58 to 0.52, indicating a slight deterioration in the company's short-term liquidity position. However, from June 30, 2021, to September 30, 2022, the quick ratio improved significantly, reaching a peak of 1.93 on September 30, 2021. This improvement suggests that the company had a sufficient amount of liquid assets to cover its short-term obligations during this period.
Following the peak on September 30, 2021, the quick ratio experienced some fluctuations but generally remained above 1, indicating an improvement in the company's liquidity position. The quick ratio dipped to 0.84 on September 30, 2023, before rising again to 1.09 on December 31, 2024.
Overall, the trend in Privia Health Group Inc's quick ratio shows varying levels of short-term liquidity over the years, with some periods demonstrating a stronger ability to cover short-term obligations compared to others. It is important for stakeholders to monitor these fluctuations to assess the company's financial health and ability to meet its short-term obligations.
Peer comparison
Dec 31, 2024