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.
Peer comparison
Dec 31, 2023