Addus HomeCare Corporation (ADUS)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 260,382 | 332,814 | 294,988 | 191,847 | 200,004 | 211,249 | 207,790 | 209,210 | 222,807 | 240,142 | 256,372 | 276,229 | 324,341 | 299,707 | 290,410 | 275,140 | 287,697 | 299,380 | 296,336 | 278,051 |
| 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 |
| Current ratio | 1.67 | 2.11 | 2.00 | 1.35 | 1.38 | 1.51 | 1.55 | 1.68 | 1.70 | 1.87 | 2.00 | 2.65 | 2.76 | 2.66 | 2.48 | 2.33 | 2.00 | 3.19 | 3.16 | 3.29 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $260,382K ÷ $155,871K
= 1.67
The current ratio of Addus HomeCare Corporation has displayed fluctuations over the reporting periods provided. The ratio, calculated as current assets divided by current liabilities, indicates the company's ability to cover its short-term obligations with its current assets.
From March 31, 2020, to June 30, 2022, the current ratio remained consistently above 2, indicating a healthy liquidity position. However, there was a noticeable decline in the ratio in the subsequent periods, reaching a low of 1.35 on March 31, 2024, before recovering to 2.11 on September 30, 2024. This downward trend suggests a potential strain on the company's ability to meet its short-term liabilities with its current assets.
Overall, the company's current ratio demonstrates fluctuations in its liquidity position over time, and it may be important for stakeholders to monitor these changes closely to assess the company's ability to manage its short-term financial obligations effectively.
Peer comparison
Dec 31, 2024