RadNet Inc (RDNT)

Current 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 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Total current assets US$ in thousands 579,276 578,672 602,691 342,685 367,184 324,505 319,104 288,696 324,264 339,996 334,919 222,997 270,424 259,056 247,520 280,199 241,174 239,719 234,474 216,131
Total current liabilities US$ in thousands 437,452 407,077 434,234 407,143 466,723 409,223 404,518 381,298 374,784 371,495 381,267 402,617 398,114 373,787 382,393 327,991 327,428 309,516 293,249 300,586
Current ratio 1.32 1.42 1.39 0.84 0.79 0.79 0.79 0.76 0.87 0.92 0.88 0.55 0.68 0.69 0.65 0.85 0.74 0.77 0.80 0.72

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $579,276K ÷ $437,452K
= 1.32

The current ratio of Radnet Inc has shown variability over the past eight quarters, ranging from a low of 0.76 in Q1 2022 to a high of 1.42 in Q3 2023. The trend indicates an improvement in liquidity from the beginning of 2022, where the ratio was below 1, to the most recent quarter where it stands at 1.32. This suggests that the company's current assets are sufficient to cover its current liabilities, with a higher ratio indicating a stronger ability to meet short-term obligations. However, there was a significant drop in Q1 2023, which may indicate a temporary strain on liquidity during that period. It is important for Radnet Inc to monitor its current ratio consistently to ensure it maintains a healthy level of liquidity for operational stability and financial health.


Peer comparison

Dec 31, 2023