RadNet Inc (RDNT)

Cash 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 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020
Cash and cash equivalents US$ in thousands 740,020 748,916 741,679 526,980 342,570 337,884 356,651 90,844 127,834 95,006 99,170 70,713 134,606 151,253 140,852 31,091 102,018 89,739 84,583 94,282
Short-term investments US$ in thousands — — — — — — — — — — — — — — 41,375 36,813 34,528 0 — —
Total current liabilities US$ in thousands 479,712 470,130 474,201 427,887 437,452 407,077 434,234 407,143 466,723 409,223 404,518 381,298 374,784 371,495 381,267 402,617 398,114 373,787 382,393 327,991
Cash ratio 1.54 1.59 1.56 1.23 0.78 0.83 0.82 0.22 0.27 0.23 0.25 0.19 0.36 0.41 0.48 0.17 0.34 0.24 0.22 0.29

December 31, 2024 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($740,020K + $—K) ÷ $479,712K
= 1.54

The cash ratio of RadNet Inc has shown fluctuations over the periods indicated in the data. The cash ratio measures a company's ability to cover its short-term liabilities with its cash and cash equivalents. A higher cash ratio indicates that the company has more liquid assets available to cover its short-term obligations.

Looking at the data provided:

- The company's cash ratio was relatively low in the earlier periods, with values ranging from 0.17 to 0.48.
- However, there was a significant increase in the cash ratio in the later periods, reaching its highest point of 1.59 by September 30, 2024.
- This upward trend suggests that RadNet Inc has improved its ability to cover its short-term liabilities with its available cash and cash equivalents.
- A cash ratio above 1 indicates that the company's cash and cash equivalents exceed its current liabilities, which can be seen in the data starting from March 31, 2024.

Overall, the increasing trend in RadNet Inc's cash ratio indicates a strengthened liquidity position and ability to meet its short-term obligations more comfortably over time.