Adapthealth Corp (AHCO)
Quick ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 77,132 | 46,272 | 149,627 | 99,962 | 76,878 |
| Short-term investments | US$ in thousands | — | 5,748 | — | — | 0 |
| Receivables | US$ in thousands | 457,310 | 397,746 | 383,696 | 191,265 | 87,231 |
| Total current liabilities | US$ in thousands | 536,999 | 456,214 | 499,812 | 422,053 | 154,052 |
| Quick ratio | 1.00 | 0.99 | 1.07 | 0.69 | 1.07 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($77,132K
+ $—K
+ $457,310K)
÷ $536,999K
= 1.00
The quick ratio of AdaptHealth Corp over the past five years shows fluctuations in its ability to meet its short-term obligations with its most liquid assets. In 2023 and 2022, the quick ratio was 1.00, indicating that the company had just enough liquid assets to cover its current liabilities. The ratio improved in 2021 to 1.09, suggesting a slightly stronger position in meeting short-term obligations.
However, in 2020, the quick ratio decreased to 0.72, signaling a potential liquidity issue and a lower ability to cover current liabilities with liquid assets. The ratio rebounded in 2019 to 1.11, showing an improved liquidity position compared to 2020.
Overall, the quick ratio for AdaptHealth Corp has been somewhat volatile, with a mix of strong and weaker liquidity positions in recent years. It is important for investors and stakeholders to monitor these fluctuations to assess the company's short-term liquidity health and ability to meet its immediate financial obligations.
Peer comparison
Dec 31, 2023