RadNet Inc (RDNT)

Quick 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 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 — —
Receivables US$ in thousands 185,821 199,076 195,288 189,572 163,707 167,736 174,481 196,741 185,328 176,155 170,815 165,508 140,446 158,689 163,618 154,186 135,421 137,835 127,217 145,477
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
Quick ratio 1.93 2.02 1.98 1.67 1.16 1.24 1.22 0.71 0.67 0.66 0.67 0.62 0.73 0.83 0.91 0.55 0.68 0.61 0.55 0.73

December 31, 2024 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($740,020K + $—K + $185,821K) ÷ $479,712K
= 1.93

The quick ratio of RadNet Inc, a measure of the company's ability to meet its short-term obligations with its most liquid assets, has shown some fluctuations over the reported periods.

The quick ratio started at 0.73 on March 31, 2020, indicating that the company had $0.73 in liquid assets for every $1 of current liabilities. It decreased to 0.55 by June 30, 2020, showing a potential liquidity concern. The ratio improved to 0.91 by June 30, 2021, and further increased to 1.24 by September 30, 2023, indicating a strengthening liquidity position.

The quick ratio reached its peak of 2.02 on September 30, 2024, which suggests the company had more than enough liquid assets to cover its short-term obligations. However, it decreased slightly to 1.93 by December 31, 2024.

Overall, the trend shows that RadNet Inc has improved its ability to meet short-term obligations with liquid assets over the years, with occasional fluctuations. This indicates a positive liquidity position for the company.