Amedisys Inc (AMED)

Quick ratio

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Cash US$ in thousands 303,242 126,450 40,540 42,694 81,808
Short-term investments US$ in thousands — 0 — — —
Receivables US$ in thousands — — — — —
Total current liabilities US$ in thousands 514,392 473,721 355,529 374,282 456,337
Quick ratio 0.59 0.27 0.11 0.11 0.18

December 31, 2024 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($303,242K + $—K + $—K) ÷ $514,392K
= 0.59

The quick ratio of Amedisys Inc, a key liquidity measure, reveals the company's ability to meet its short-term obligations with its most liquid assets. The trend analysis of the quick ratio from December 31, 2020, to December 31, 2024, indicates fluctuating levels.

Initially, on December 31, 2020, the quick ratio stood at 0.18, implying a relatively low ability to cover immediate liabilities with liquid assets. Subsequently, the ratio decreased to 0.11 by both December 31, 2021, and December 31, 2022, indicating a further deterioration in short-term liquidity.

A notable improvement was observed by December 31, 2023, with the quick ratio increasing to 0.27, suggesting a strengthened ability to meet short-term obligations with liquid assets. The most significant improvement was recorded by December 31, 2024, as the quick ratio surged to 0.59, signifying a substantial enhancement in liquidity position.

Overall, the fluctuation in Amedisys Inc's quick ratio over the years demonstrates varying levels of short-term liquidity management, with a notable positive trend observed towards the end of the period, indicating an improved ability to cover immediate obligations with liquid assets.