Addus HomeCare Corporation (ADUS)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 98,911 | 222,852 | 173,305 | 76,719 | 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 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 122,880 | 96,600 | 109,195 | 104,727 | 115,499 | 121,112 | 104,252 | 125,441 | 125,501 | 126,253 | 125,291 | 141,141 | 144,511 | 135,993 | 139,378 | 140,185 | 133,178 | 121,582 | 130,202 | 141,209 |
| 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 |
| Quick ratio | 1.42 | 2.02 | 1.91 | 1.28 | 1.24 | 1.44 | 1.41 | 1.60 | 1.57 | 1.81 | 1.92 | 2.55 | 2.66 | 2.56 | 2.38 | 2.25 | 1.93 | 3.11 | 3.08 | 3.21 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($98,911K
+ $—K
+ $122,880K)
÷ $155,871K
= 1.42
The quick ratio of Addus HomeCare Corporation, a measure of the company's ability to meet its short-term obligations with its most liquid assets, fluctuated over the period under review. As of December 31, 2020, the quick ratio decreased to 1.93, indicating a potential constraint in meeting short-term obligations with highly liquid assets. However, there was an improvement in the quick ratio in subsequent periods, reaching a peak of 3.21 as of March 31, 2020.
The quick ratio remained relatively stable around the 2 to 3 range until the second half of 2022, where it started declining consistently. By December 31, 2024, the quick ratio stood at 1.42, signaling a potential decrease in the company's ability to cover its short-term liabilities with its quick assets. This trend warrants further investigation into the company's liquidity management and operational efficiency to address the declining quick ratio and ensure sustainable financial health.
Peer comparison
Dec 31, 2024