Adapthealth Corp (AHCO)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 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 | 76,878 | 8,823 | 2,159 | 745 |
| Short-term investments | US$ in thousands | — | — | 6,423 | 5,193 | 5,748 | 4,471 | — | — | — | — | — | — | — | — | — | — | 0 | 255,880 | 254,864 | 254,324 |
| Receivables | US$ in thousands | 457,310 | 415,440 | 403,108 | 384,626 | 397,746 | 381,241 | 377,745 | 389,698 | 383,696 | 365,415 | 320,427 | 274,561 | 191,265 | 165,835 | 136,043 | 136,715 | 87,231 | — | — | — |
| 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 |
| Quick ratio | 1.00 | 1.05 | 0.99 | 0.94 | 0.99 | 1.06 | 1.14 | 1.15 | 1.07 | 1.40 | 0.82 | 0.79 | 0.69 | 1.39 | 0.96 | 0.97 | 1.07 | 82.77 | 112.58 | 260.27 |
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 measures a company's ability to pay its short-term obligations using its most liquid assets. A quick ratio of 1 or higher is generally considered healthy as it indicates that the company has enough liquid assets to cover its current liabilities.
Based on the data provided, AdaptHealth Corp's quick ratio has fluctuated over the past eight quarters. In Q4 2023, the quick ratio was 1.00, suggesting that the company had just enough liquid assets to cover its current liabilities.
Looking at the trend over the quarters, the quick ratio has shown some variability but has generally remained close to 1, indicating a reasonable level of liquidity to meet short-term obligations. It is essential to monitor this ratio over time to ensure that the company maintains sufficient liquidity to meet its financial commitments.
Peer comparison
Dec 31, 2023