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