Adapthealth Corp (AHCO)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 109,747 | 77,132 | 46,272 | 149,627 | 99,962 |
| Short-term investments | US$ in thousands | — | 4,482 | 5,748 | — | — |
| Total current liabilities | US$ in thousands | 566,987 | 536,999 | 456,214 | 499,812 | 422,053 |
| Cash ratio | 0.19 | 0.15 | 0.11 | 0.30 | 0.24 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($109,747K
+ $—K)
÷ $566,987K
= 0.19
The cash ratio of Adapthealth Corp has shown variation over the past five years. As of December 31, 2020, the company had a cash ratio of 0.24, indicating that for every dollar of current liabilities, the company had $0.24 in cash on hand.
Subsequently, the cash ratio improved to 0.30 as of December 31, 2021, suggesting a stronger liquidity position compared to the previous year. However, there was a notable decrease in the cash ratio to 0.11 by December 31, 2022, which could indicate a potential strain on the company's short-term liquidity.
By the end of December 31, 2023, the cash ratio had increased to 0.15, reflecting a slight improvement in the liquidity position compared to the previous year. Finally, as of December 31, 2024, the cash ratio further improved to 0.19, indicating that the company had $0.19 in cash for every dollar of current liabilities.
Overall, the cash ratio trend for Adapthealth Corp shows fluctuations in liquidity over the past five years, with periods of improvement and decline. Monitoring this ratio can provide valuable insights into the company's ability to meet its short-term obligations with its available cash reserves.
Peer comparison
Dec 31, 2024