AMN Healthcare Services Inc (AMN)

Cash ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash and cash equivalents	US$ in thousands	32,935	64,524	180,928	29,213	82,985
Short-term investments	US$ in thousands	68,845	61,218	64,482	61,347	62,170
Total current liabilities	US$ in thousands	656,121	857,933	969,390	422,957	378,105
Cash ratio		0.16	0.15	0.25	0.21	0.38

December 31, 2023 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($32,935K + $68,845K) ÷ $656,121K
= 0.16

The cash ratio measures a company's ability to cover its short-term liabilities with its cash and cash equivalents. A higher cash ratio indicates a stronger liquidity position.

AMN Healthcare Services Inc.'s cash ratio has fluctuated over the past five years, ranging from 0.11 to 0.30. In 2023, the cash ratio decreased to 0.11 from 0.12 in 2022, suggesting a slight decrease in the company's ability to cover its short-term liabilities with cash and cash equivalents.

Comparing the current cash ratio to previous years, AMN Healthcare Services Inc.'s liquidity position in 2023 is relatively weaker than in 2021 and 2019 when the cash ratios were 0.30 and 0.29, respectively. However, the company's current cash ratio is stronger than in 2020 when it was 0.14.

Overall, the trend in AMN Healthcare Services Inc.'s cash ratio indicates some fluctuation in liquidity over the past five years, with the company experiencing both stronger and weaker positions relative to its short-term obligations. Further assessment of the company's cash management practices and operating cash flows may provide additional insights into its liquidity management.