Adapthealth Corp (AHCO)
Cash 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 and cash equivalents | US$ in thousands | 109,747 | 100,180 | 69,832 | 79,566 | 77,132 | 56,143 | 45,126 | 101,401 | 46,272 | 110,738 | 118,809 | 119,428 | 149,627 | 336,654 | 178,189 | 132,137 | 99,962 | 272,318 | 110,587 | 48,164 |
| Short-term investments | US$ in thousands | — | — | 4,889 | 4,899 | 4,482 | 6,340 | 6,423 | 5,193 | 5,748 | 4,471 | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 566,987 | 553,025 | 596,024 | 492,692 | 536,999 | 448,185 | 457,978 | 524,477 | 456,214 | 466,927 | 435,456 | 443,555 | 499,812 | 502,065 | 605,874 | 513,140 | 422,053 | 314,805 | 257,107 | 191,152 |
| Cash ratio | 0.19 | 0.18 | 0.13 | 0.17 | 0.15 | 0.14 | 0.11 | 0.20 | 0.11 | 0.25 | 0.27 | 0.27 | 0.30 | 0.67 | 0.29 | 0.26 | 0.24 | 0.87 | 0.43 | 0.25 |
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 fluctuations over the specified periods. The ratio indicates the company's ability to cover its short-term liabilities with its available cash and cash equivalents.
From March 31, 2020, to December 31, 2022, the cash ratio varied between 0.11 and 0.87, suggesting some variability in the company's liquidity position during this period. Notably, there was a significant increase in the cash ratio from September 30, 2020, to December 31, 2020, indicating an improvement in the company's ability to meet its short-term obligations with its available cash.
Subsequently, from March 31, 2021, to December 31, 2024, the cash ratio fluctuated between 0.11 and 0.30. These fluctuations may indicate changes in the company's cash position and liquidity management over these periods.
Overall, the cash ratio of Adapthealth Corp has displayed varying trends, reflecting the company's ability to meet its short-term liabilities with its cash reserves. Further analysis and comparison with industry benchmarks may provide additional insights into the company's liquidity position.
Peer comparison
Dec 31, 2024