Adapthealth Corp (AHCO)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 755,788 | 683,791 | 686,428 | 655,981 | 649,022 | 585,067 | 568,288 | 646,725 | 585,308 | 631,931 | 605,216 | 614,988 | 670,058 | 823,438 | 590,869 | 503,502 | 363,251 | 484,385 | 263,641 | 194,542 |
| 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 |
| Current ratio | 1.33 | 1.24 | 1.15 | 1.33 | 1.21 | 1.31 | 1.24 | 1.23 | 1.28 | 1.35 | 1.39 | 1.39 | 1.34 | 1.64 | 0.98 | 0.98 | 0.86 | 1.54 | 1.03 | 1.02 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $755,788K ÷ $566,987K
= 1.33
The current ratio of Adapthealth Corp has shown fluctuations over the past years, ranging from as low as 0.86 to as high as 1.64. Generally, a current ratio above 1 indicates that the company has more current assets than current liabilities, suggesting it can cover its short-term obligations. Adapthealth's current ratio has mostly stayed above 1, indicating a relatively healthy liquidity position.
However, it's worth noting that the current ratio dipped below 1 in some periods like December 31, 2020, and March 31, 2021, which may raise concerns about the company's short-term liquidity to meet its obligations. It seems that the company improved its liquidity position after these periods as the current ratio increased and stayed above 1 in the subsequent quarters.
The current ratio for the most recent quarter, December 31, 2024, stood at 1.33, indicating that the company had $1.33 in current assets for every $1 in current liabilities. This suggests Adapthealth Corp continues to maintain a sufficient level of current assets to cover its short-term debts, which is a positive sign for creditors and investors evaluating the company's financial health.
Peer comparison
Dec 31, 2024