RadNet Inc (RDNT)

Current 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
Total current assets US$ in thousands 1,019,250 1,016,250 1,004,720 795,828 579,276 578,672 602,691 342,685 367,184 324,505 319,104 288,696 324,264 339,996 334,919 222,997 270,424 259,056 247,520 280,199
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
Current ratio 2.12 2.16 2.12 1.86 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

December 31, 2024 calculation

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

RadNet Inc's current ratio has shown a fluctuating trend over the past few years, starting at a low of 0.55 on March 31, 2021, improving gradually to reach a high of 2.16 on September 30, 2024.

Initially, the company's current ratio was below 1, indicating that its current liabilities exceeded its current assets. This could have raised concerns about the company's ability to meet its short-term obligations.

However, from June 30, 2023 onwards, the current ratio improved significantly, surpassing 1. This indicates that the company had sufficient current assets to cover its short-term liabilities, reflecting improved liquidity and financial health.

The current ratio peaked at 2.16 on September 30, 2024, which suggests that RadNet Inc had significantly strengthened its liquidity position, potentially due to effective management of current assets and liabilities.

Overall, the upward trend in the current ratio from 2021 to 2024 indicates improvement in RadNet Inc's short-term liquidity and ability to meet its financial obligations as they come due.