Acadia Healthcare Company Inc (ACHC)
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 | 596,000 | 703,475 | 578,757 | 537,790 | 506,125 | 521,656 | 518,032 | 530,099 | 495,031 | 567,159 | 575,626 | 528,225 | 2,523,400 | 756,410 | 610,941 | 502,952 | 542,211 | 536,913 | 471,494 | 452,514 |
| Total current liabilities | US$ in thousands | 885,781 | 864,890 | 432,482 | 378,129 | 388,326 | 401,013 | 441,653 | 410,751 | 404,861 | 403,292 | 425,215 | 410,979 | 1,308,180 | 601,339 | 527,364 | 579,584 | 463,576 | 458,206 | 430,688 | 424,671 |
| Current ratio | 0.67 | 0.81 | 1.34 | 1.42 | 1.30 | 1.30 | 1.17 | 1.29 | 1.22 | 1.41 | 1.35 | 1.29 | 1.93 | 1.26 | 1.16 | 0.87 | 1.17 | 1.17 | 1.09 | 1.07 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $596,000K ÷ $885,781K
= 0.67
The current ratio is a liquidity ratio that measures a company's ability to cover its short-term liabilities with its current assets. A higher current ratio indicates better liquidity and financial health.
Historical analysis of Acadia Healthcare Company Inc's current ratio reveals fluctuations over the past eight quarters. In Q4 2023, the current ratio was 0.67, indicating that the company may have difficulties in meeting its short-term obligations with current assets alone. This is a significant decline from the previous quarter, where the ratio was 0.81.
Looking back further, the highest current ratio was observed in Q2 2023 at 1.34, suggesting a strong ability to cover short-term liabilities. However, this ratio decreased in subsequent quarters. Comparing with the same quarter of the previous year, the current ratio has decreased from 1.30 in Q4 2022 to 0.67 in Q4 2023.
Overall, Acadia Healthcare Company Inc's current ratio has exhibited volatility, showing a mixed performance in terms of liquidity management. It is crucial for the company to closely monitor and manage its current assets and liabilities to ensure sufficient liquidity to meet its short-term obligations.