Acadia Healthcare Company Inc (ACHC)
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 | 76,305 | 82,145 | 77,167 | 77,303 | 100,073 | 99,591 | 112,173 | 63,829 | 97,649 | 93,419 | 128,368 | 140,367 | 133,813 | 196,313 | 185,546 | 178,915 | 378,697 | 338,702 | 211,939 | 81,004 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 577,919 | 609,500 | 546,522 | 482,313 | 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 |
| Quick ratio | 0.13 | 0.13 | 0.14 | 0.16 | 0.11 | 0.12 | 0.26 | 0.17 | 0.25 | 0.23 | 0.29 | 0.34 | 0.33 | 0.49 | 0.44 | 0.44 | 0.29 | 0.56 | 0.40 | 0.14 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($76,305K
+ $—K
+ $—K)
÷ $577,919K
= 0.13
The quick ratio of Acadia Healthcare Company Inc has shown fluctuations over the past few years. Starting at a low of 0.14 as of March 31, 2020, the quick ratio gradually improved to 0.56 by September 30, 2020. However, the ratio decreased to 0.29 by the end of December 2020 before seeing a slight recovery to 0.44 by March 31, 2021.
From June 30, 2021, to September 30, 2021, the quick ratio remained relatively stable at 0.44 and inched up to 0.49 by the end of September 2021. Nevertheless, the ratio dropped to 0.33 by December 31, 2021. The quick ratio then slightly improved to 0.34 by March 31, 2022 but declined again to 0.29 by June 30, 2022.
Over the following quarters, the quick ratio continued to decrease, reaching a low point of 0.11 as of December 31, 2023. There was a slight recovery to 0.16 by March 31, 2024, but it fell back to 0.13 by the end of June 30, 2024, and remained constant until the end of September and December 31, 2024.
Overall, the quick ratio of Acadia Healthcare shows fluctuating patterns with a general downward trend in recent years, indicating potential challenges in the company's ability to meet short-term obligations using its current liquid assets. A quick ratio below 1 may raise concerns about the company's liquidity position and its ability to cover immediate liabilities.
Peer comparison
Dec 31, 2024