Addus HomeCare Corporation (ADUS)
Cash 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 and cash equivalents | US$ in thousands | 98,911 | 222,852 | 173,305 | 76,719 | 64,791 | 79,750 | 84,188 | 73,543 | 79,961 | 105,644 | 120,917 | 124,763 | 168,895 | 152,379 | 139,400 | 125,547 | 145,078 | 170,331 | 158,549 | 130,463 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 155,871 | 157,818 | 147,532 | 141,591 | 145,117 | 139,639 | 133,902 | 124,659 | 131,146 | 128,188 | 128,004 | 104,357 | 117,689 | 112,533 | 116,944 | 118,088 | 143,901 | 93,743 | 93,685 | 84,606 |
| Cash ratio | 0.63 | 1.41 | 1.17 | 0.54 | 0.45 | 0.57 | 0.63 | 0.59 | 0.61 | 0.82 | 0.94 | 1.20 | 1.44 | 1.35 | 1.19 | 1.06 | 1.01 | 1.82 | 1.69 | 1.54 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($98,911K
+ $—K)
÷ $155,871K
= 0.63
The cash ratio of Addus HomeCare Corporation has fluctuated over the years based on the provided data. The cash ratio measures the company's ability to cover its short-term liabilities with cash and cash equivalents.
From March 31, 2020, to September 30, 2021, the cash ratio steadily increased from 1.54 to 1.35, indicating an improving ability to meet short-term obligations with cash on hand. However, there was a slight dip to 1.20 by March 31, 2022.
Subsequently, the cash ratio decreased more significantly to 0.57 by September 30, 2023, and then further to 0.45 by December 31, 2023. This downward trend may signify potential liquidity challenges for the company during this period.
The cash ratio saw a temporary increase to 1.17 by June 30, 2024, followed by a more substantial rise to 1.41 by September 30, 2024. However, by December 31, 2024, the ratio dropped again to 0.63.
Overall, the fluctuations in Addus HomeCare Corporation's cash ratio indicate varying levels of liquidity and the company's ability to cover short-term obligations with its available cash reserves. It would be crucial for the company to closely monitor and manage its cash position to ensure stability in meeting its financial commitments.
Peer comparison
Dec 31, 2024