Acadia Healthcare Company Inc (ACHC)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 596,000 | 506,125 | 495,031 | 2,523,400 | 542,211 |
| Total current liabilities | US$ in thousands | 885,781 | 388,326 | 404,861 | 1,308,180 | 463,576 |
| Current ratio | 0.67 | 1.30 | 1.22 | 1.93 | 1.17 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $596,000K ÷ $885,781K
= 0.67
The current ratio of Acadia Healthcare Company Inc has shown fluctuations over the past five years. As of December 31, 2023, the current ratio was significantly lower at 0.67 compared to the previous year's ratio of 1.30. This decline raises concerns about the company's ability to meet its short-term obligations using its current assets.
In contrast, in 2022 and 2021, the current ratio was relatively stable at 1.30 and 1.22, respectively. This indicates that the company had a healthy level of current assets to cover its short-term liabilities during those years.
The highest current ratio for Acadia Healthcare was in 2020 at 1.93, suggesting a strong liquidity position at that time. However, this ratio dropped significantly in 2019 to 1.17, indicating potential liquidity challenges that year.
Overall, the fluctuating trend in Acadia Healthcare's current ratio over the past five years highlights the importance of monitoring the company's liquidity position and managing its current assets and liabilities effectively to ensure financial stability.