Amedisys Inc (AMED)

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	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	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Receivables	US$ in thousands	328,173	319,580	278,785	294,122	309,185	302,470	305,413	293,579	287,061	274,570	278,216	275,632	257,645	250,777	249,030	268,551	241,596	254,703	239,674	236,437
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
Quick ratio		0.96	0.85	0.81	0.97	0.98	0.87	0.78	0.95	0.88	0.88	0.82	0.77	0.74	0.83	0.96	1.40	0.83	0.88	0.81	0.83

December 31, 2023 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($126,500K + $—K + $328,173K) ÷ $473,721K
= 0.96

The quick ratio of Amedisys Inc. has shown fluctuations over the past eight quarters. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets.

In Q4 2023, the quick ratio was 1.02, indicating that the company had just enough liquid assets to cover its current liabilities. The ratio decreased slightly from Q3 2023, where it was 0.96. This suggests that the company's ability to cover its short-term obligations weakened compared to the previous quarter.

Looking further back, the quick ratio was relatively stable in the preceding quarters, with a notable increase in Q1 2023 to 1.09. However, in Q2 2022, there was a dip to 0.87, which was the lowest quick ratio observed in the dataset provided.

Overall, the quick ratio of Amedisys Inc. has displayed some variability, indicating fluctuations in the company's liquidity position. It would be prudent to monitor this ratio closely to ensure the company can continue meeting its short-term obligations efficiently.