Acadia Healthcare Company Inc (ACHC)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 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 | 99,535 | 92,900 | 43,541 | 43,684 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 24,657 | — | — | — |
| Receivables | US$ in thousands | 429,551 | 515,898 | 408,889 | 420,428 | 353,777 | 360,509 | 334,674 | 336,630 | 304,441 | 305,435 | 336,698 | 297,116 | 291,273 | 361,768 | 352,758 | 368,859 | 364,472 | 386,635 | 377,270 | 359,264 |
| 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 |
| Quick ratio | 0.60 | 0.71 | 1.20 | 1.28 | 1.16 | 1.13 | 1.05 | 1.16 | 1.08 | 1.24 | 1.23 | 1.16 | 0.51 | 1.16 | 1.07 | 0.78 | 1.05 | 1.05 | 0.98 | 0.95 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($100,073K
+ $—K
+ $429,551K)
÷ $885,781K
= 0.60
The quick ratio of Acadia Healthcare Company Inc has shown some fluctuation over the past eight quarters. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets. A quick ratio below 1 indicates that the company may have difficulty meeting its short-term liabilities.
In Q4 2023, the quick ratio decreased to 0.65, indicating a decline in the company's ability to cover its short-term obligations with its most liquid assets compared to the previous quarter. This may raise concerns about the company's liquidity position.
The quick ratio improved in Q3 and Q2 2023, reaching 0.77 and 1.30 respectively. This suggests that the company was better positioned to meet its short-term obligations in these quarters.
Moreover, Q1 2023 had a quick ratio of 1.39, indicating a significant improvement in liquidity compared to previous quarters. This could be seen as a positive signal for the company's financial health.
Looking back to Q4 2022, the quick ratio was 1.27, which was relatively stable compared to the preceding quarters. The quick ratio remained above 1 in the preceding quarters of 2022, indicating a healthy liquidity position.
Overall, while the quick ratio has shown some variability in recent quarters, it is important for Acadia Healthcare Company Inc to closely monitor and manage its liquidity to ensure it can meet its short-term obligations effectively.