Adapthealth Corp (AHCO)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 109,747 | 100,180 | 69,832 | 79,566 | 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 |
| Short-term investments | US$ in thousands | — | — | 4,889 | 4,899 | 4,482 | 6,340 | 6,423 | 5,193 | 5,748 | 4,471 | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 449,619 | 431,115 | 477,277 | 461,458 | 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 |
| 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 |
| Quick ratio | 0.99 | 0.96 | 0.93 | 1.11 | 1.00 | 1.07 | 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 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($109,747K
+ $—K
+ $449,619K)
÷ $566,987K
= 0.99
The quick ratio of Adapthealth Corp has shown some fluctuations over the analyzed period. This ratio provides insight into the company's ability to meet its short-term obligations with its most liquid assets. A quick ratio above 1 indicates that the company has an adequate level of liquid assets to cover its short-term liabilities.
From March 31, 2020, to December 31, 2024, the quick ratio varied between 0.69 to 1.40, indicating some variability in the company's short-term liquidity position. Notably, there was an improvement in the quick ratio from December 31, 2020, to September 30, 2021, demonstrating an increase in the proportion of liquid assets relative to current liabilities during that period.
Subsequently, the quick ratio fluctuated but generally stayed above 1, with some quarterly variations. The quick ratio peaked again at 1.15 on March 31, 2022, and maintained levels above 1 for most quarters until September 30, 2023.
Overall, the quick ratio of Adapthealth Corp suggests that the company has generally maintained a reasonable level of liquidity to meet its short-term obligations throughout the analyzed period, with some fluctuations that may require monitoring to ensure continued financial stability.
Peer comparison
Dec 31, 2024