Adapthealth Corp (AHCO)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 649,022 | 585,308 | 670,058 | 363,251 | 181,415 |
| Total current liabilities | US$ in thousands | 536,999 | 456,214 | 499,812 | 422,053 | 154,052 |
| Current ratio | 1.21 | 1.28 | 1.34 | 0.86 | 1.18 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $649,022K ÷ $536,999K
= 1.21
The current ratio of AdaptHealth Corp has fluctuated over the past five years. In 2023, the current ratio stands at 1.21, indicating that the company has $1.21 in current assets available to cover each dollar of current liabilities. This ratio has slightly decreased compared to 2022 and 2021, where it was 1.28 and 1.34 respectively, but remains at a relatively healthy level. In 2020, the current ratio was significantly lower at 0.86, signaling potential liquidity concerns, while in 2019, it was 1.20, closer to the 2023 level. Overall, the current ratio fluctuates year by year, suggesting variations in the company's ability to meet its short-term obligations with its current assets.
Peer comparison
Dec 31, 2023