Amedisys Inc (AMED)
Cash 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 and cash equivalents | US$ in thousands | 126,500 | 78,112 | 95,400 | 49,436 | 40,500 | 17,956 | 26,566 | 67,800 | 42,694 | 124,458 | 91,646 | 77,344 | 81,808 | 112,904 | 177,278 | 174,756 | 30,294 | 20,757 | 13,902 | 10,554 |
| Short-term investments | US$ in thousands | — | — | — | — | 40 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 473,721 | 468,119 | 462,401 | 353,050 | 355,529 | 367,200 | 427,372 | 380,154 | 374,282 | 454,349 | 449,223 | 456,082 | 456,337 | 437,496 | 442,048 | 316,106 | 326,943 | 314,653 | 313,007 | 297,377 |
| Cash ratio | 0.27 | 0.17 | 0.21 | 0.14 | 0.11 | 0.05 | 0.06 | 0.18 | 0.11 | 0.27 | 0.20 | 0.17 | 0.18 | 0.26 | 0.40 | 0.55 | 0.09 | 0.07 | 0.04 | 0.04 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($126,500K
+ $—K)
÷ $473,721K
= 0.27
The cash ratio of Amedisys Inc. has shown a positive trend over the past eight quarters, increasing from 0.16 in Q2 2022 to 0.36 in Q4 2023. This indicates that the company's ability to cover its current liabilities with cash and cash equivalents has improved significantly.
A cash ratio of 0.36 in Q4 2023 means that Amedisys Inc. had $0.36 in cash and cash equivalents for every dollar of current liabilities. This suggests a strong liquidity position as the company has enough liquid assets to meet its short-term obligations comfortably.
Overall, the increasing trend in the cash ratio reflects positively on Amedisys Inc.'s financial health, indicating a strengthening ability to handle its current obligations using available cash resources.
Peer comparison
Dec 31, 2023