Amedisys Inc (AMED)

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 303,242 245,450 157,358 120,704 145,863 78,112 95,377 49,436 40,540 17,956 26,566 67,834 42,694 124,458 91,646 77,344 81,808 112,904 177,278 174,756
Short-term investments US$ in thousands — — — — — — — — — — — — — — — — — — — —
Receivables US$ in thousands — — — — — — — — — — — — — — — — — — — —
Total current liabilities US$ in thousands 514,392 486,021 479,976 484,860 473,721 468,119 462,401 353,050 355,529 367,200 427,372 380,154 374,282 454,349 449,223 456,082 456,337 437,496 442,048 316,106
Quick ratio 0.59 0.51 0.33 0.25 0.31 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

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 measure of its ability to meet short-term obligations with its most liquid assets, has shown fluctuations over the analyzed period. The quick ratio decreased from 0.55 as of March 31, 2020, to 0.11 by December 31, 2021. This significant decline may indicate potential liquidity challenges or difficulties in meeting immediate financial obligations.

Subsequently, the quick ratio slightly improved reaching 0.25 by March 31, 2024, and further increased to 0.59 by December 31, 2024. The upward trend suggests a recovery in the company's liquidity position and its ability to cover short-term liabilities with its quick assets. A quick ratio above 1.0 is generally preferred as it indicates the company has enough liquid assets to cover its short-term obligations comfortably, but caution should be exercised as a ratio too high may indicate an underutilization of assets.

Overall, the company's quick ratio has shown variability, reflecting fluctuations in its liquidity position over the analyzed period. It is important for stakeholders to continue monitoring the quick ratio to assess the company's ability to meet its short-term financial obligations effectively.