Adapthealth Corp (AHCO)

Current ratio

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Total current assets	US$ in thousands	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	181,415	747	1,002	907
Total current liabilities	US$ in thousands	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	154,052	3,198	2,283	980
Current ratio		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	1.18	0.23	0.44	0.93

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 shown a fluctuating trend over the past eight quarters. In Q4 2023, the current ratio was 1.21, which indicates that the company had $1.21 in current assets for every $1 in current liabilities. This represents a slight decrease from the previous quarter but is still above one, suggesting that the company's short-term liquidity position is relatively stable.

Looking back over the past year, the current ratio has ranged from a high of 1.39 in Q3 and Q2 2022 to a low of 1.21 in Q4 2023. This variability could be due to changes in the company's current assets and liabilities, which may be influenced by factors such as sales volumes, inventory levels, and accounts receivable management.

Overall, while the current ratio has fluctuated, it generally remains above one, indicating that AdaptHealth Corp has had sufficient current assets to cover its current obligations. However, it is important for investors and stakeholders to monitor these trends and consider other financial metrics to assess the company's overall financial health.