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.