RadNet Inc (RDNT)

Current ratio

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Total current assets US$ in thousands 1,019,250 579,276 367,184 324,264 270,424
Total current liabilities US$ in thousands 479,712 437,452 466,723 374,784 398,114
Current ratio 2.12 1.32 0.79 0.87 0.68

December 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $1,019,250K ÷ $479,712K
= 2.12

The current ratio for RadNet Inc has shown variable trends over the past few years. The ratio was at a relatively low level of 0.68 as of December 31, 2020, indicating that the company may have faced challenges in meeting its short-term obligations with its current assets at that time.

However, there has been an improvement in the current ratio since then, reaching 0.87 as of December 31, 2021. This uptick suggests that RadNet Inc may be in a better position to cover its current liabilities with its current assets compared to the previous year.

Although the current ratio dipped slightly to 0.79 as of December 31, 2022, it rebounded significantly to 1.32 as of December 31, 2023, indicating a notable improvement in the company's liquidity position. The ratio further increased to 2.12 as of December 31, 2024, surpassing the ideal benchmark of 2 and suggesting that RadNet Inc has ample current assets to meet its short-term obligations.

Overall, the trend in RadNet Inc's current ratio demonstrates a positive trajectory, reflecting enhanced liquidity and potentially improved financial health over the years.