Addus HomeCare Corporation (ADUS)

Cash 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 and cash equivalents	US$ in thousands	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	111,714	239,609	54,792	66,170
Short-term investments	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total current liabilities	US$ in thousands	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	87,528	76,286	69,324	67,384
Cash ratio		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	1.28	3.14	0.79	0.98

December 31, 2023 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($64,791K + $—K) ÷ $145,117K
= 0.45

The cash ratio of Addus HomeCare Corporation has shown a declining trend over the past eight quarters. The ratio decreased from 1.28 in Q1 2022 to 0.58 in Q4 2023. This indicates that the company's ability to cover its short-term liabilities with its cash and cash equivalents has weakened. A decreasing cash ratio may raise concerns about the company's liquidity and ability to meet its short-term financial obligations. It would be advisable for the company to closely monitor its cash position and manage its liquidity more effectively to improve its financial strength and stability.