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The current ratio is a liquidity ratio that measures a company's ability to pay short-term obligations. It is calculated as a company's Total Current Assets divides by its Total Current Liabilities. Alignment Healthcare's current ratio for the quarter that ended in Dec. 2023 was 1.84.
Alignment Healthcare has a current ratio of 1.84. It generally indicates good short-term financial strength.
The historical rank and industry rank for Alignment Healthcare's Current Ratio or its related term are showing as below:
During the past 5 years, Alignment Healthcare's highest Current Ratio was 3.31. The lowest was 0.98. And the median was 1.84.
The historical data trend for Alignment Healthcare's Current Ratio can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Alignment Healthcare Annual Data | |||||||||||
Trend | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | ||||||
Current Ratio | 0.98 | 1.72 | 3.31 | 2.37 | 1.84 |
Alignment Healthcare Quarterly Data | |||||||||||||||||
Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Current Ratio | Get a 7-Day Free Trial | 2.37 | 1.79 | 1.70 | 1.63 | 1.84 |
For the Healthcare Plans subindustry, Alignment Healthcare's Current Ratio, along with its competitors' market caps and Current Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
For the Healthcare Plans industry and Healthcare sector, Alignment Healthcare's Current Ratio distribution charts can be found below:
* The bar in red indicates where Alignment Healthcare's Current Ratio falls into.
The current ratio is mainly used to give an idea of the company's ability to pay back its short-term liabilities with its short-term assets.
Alignment Healthcare's Current Ratio for the fiscal year that ended in Dec. 2023 is calculated as
Current Ratio (A: Dec. 2023 ) | = | Total Current Assets (A: Dec. 2023 ) | / | Total Current Liabilities (A: Dec. 2023 ) |
= | 483.537 | / | 263.022 | |
= | 1.84 |
Alignment Healthcare's Current Ratio for the quarter that ended in Dec. 2023 is calculated as
Current Ratio (Q: Dec. 2023 ) | = | Total Current Assets (Q: Dec. 2023 ) | / | Total Current Liabilities (Q: Dec. 2023 ) |
= | 483.537 | / | 263.022 | |
= | 1.84 |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Alignment Healthcare (NAS:ALHC) Current Ratio Explanation
The current ratio can give a sense of the efficiency of a company's operating cycle or its ability to turn its product into cash. Companies that have trouble getting paid on their receivables or have long inventory turnover can run into liquidity problems because they are unable to alleviate their obligations. Because business operations differ in each industry, it is always more useful to compare companies within the same industry.
Acceptable current ratios vary from industry to industry and are generally between 1 and 3 for healthy businesses.
The higher the current ratio, the more capable the company is of paying its obligations. A ratio under 1 suggests that the company would be unable to pay off its obligations if they came due at that point. While this shows the company is not in good financial health, it does not necessarily mean that it will go bankrupt - as there are many ways to access financing - but it is definitely not a good sign.
If all other things were equal, a creditor, who is expecting to be paid in the next 12 months, would consider a high current ratio to be better than a low current ratio, because a high current ratio means that the company is more likely to meet its liabilities which fall due in the next 12 months.
Thank you for viewing the detailed overview of Alignment Healthcare's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Jeffrey H Margolis | director | 567 SAN NICHOLAS DRIVE, SUITE 360, NEWPORT BEACH CA 92660 |
Joseph S Konowiecki | director | 5995 PLAZA DR, CYPRESS CA 90630 |
Hyong Kim | officer: Chief Medical Officer | C/O ALIGNMENT HEALTHCARE, INC., 1100 W TOWN AND COUNTRY ROAD, SUITE 1600, ORANGE CA 92868 |
Christopher J Joyce | officer: Chief Legal and Admin. Officer | C/O ALLIANCE ENTERTAINMENT CORP, 110 EAST 59TH STREET 18TH FLOOR, NEW YORK NY 10022 |
Melinda Michele Kimbro | officer: Chief People Officer | 6155 EL CAMINO REAL, CARLSBAD CA 92009 |
Robert L. Scavo | officer: Chief Information Officer | C/O ALIGNMENT HEALTHCARE, INC., 1100 W. TOWN AND COUNTRY ROAD, SUITE 160, ORANGE CA 92868 |
Hakan Kardes | officer: Chief Technology Officer | C/O ALIGNMENT HEALTHCARE, INC., 1100 W. TOWN AND COUNTRY ROAD, SUITE 160, ORANGE CA 92868 |
Robert Thomas Freeman | officer: Chief Financial Officer | C/O ALIGNMENT HEALTHCARE, INC., 1100 W. TOWN & COUNTRY ROAD, SUITE 1600, ORANGE CA 92868 |
Dinesh M. Kumar | officer: Chief Health Officer | C/O ALIGNMENT HEALTHCARE, INC., 1100 W. TOWN & COUNTRY ROAD, SUITE 1600, ORANGE CA 92868 |
Dawn Christine Maroney | officer: President, Markets | C/O ALIGNMENT HEALTHCARE, INC., 1100 W. TOWN & COUNTRY ROAD, SUITE 1600, ORANGE CA 92868 |
John E Kao | director, officer: Chief Executive Officer | |
Richard A. Cross | officer: SVP, General Counsel | C/O ALIGNMENT HEALTHCARE, INC., 1100 W. TOWN AND COUNTRY ROAD, STE. 1600, ORANGE CA 92868 |
Warburg Pincus Llc | director, 10 percent owner | 450 LEXINGTON AVENUE, NEW YORK NY 10017 |
General Atlantic (aln Hlth), L.p. | director, 10 percent owner | C/O GENERAL ATLANTIC SERVICE COMPANY, LP, 55 EAST 52ND STREET, 33RD FLOOR, NEW YORK NY 10055 |
General Atlantic, L.p. | director, 10 percent owner | 55 EAST 52ND STREET, 33RD FLOOR, NEW YORK NY 10055 |
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