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.
Peer comparison
Dec 31, 2023