Addus HomeCare Corporation (ADUS)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 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 | 269,387 | 386,476 | 196,704 | 193,459 |
| 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 |
| Current ratio | 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 | 3.08 | 5.07 | 2.84 | 2.87 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $200,004K ÷ $145,117K
= 1.38
The current ratio of Addus HomeCare Corporation has been on a downward trend over the past eight quarters, decreasing from 2.65 in Q1 2022 to 1.38 in Q4 2023. This indicates that the company's current assets may not be as sufficient to cover its current liabilities as they were in the previous quarters. While the current ratio is still above 1 in each quarter, suggesting that the company has enough current assets to cover its current liabilities, the downward trend raises concerns about its liquidity and ability to meet short-term obligations. Further analysis and monitoring of the company's financial health and management of current assets and liabilities may be warranted to ensure sustainable operations.
Peer comparison
Dec 31, 2023