AMN Healthcare Services Inc (AMN)
Cash 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 and cash equivalents | US$ in thousands | 32,935 | 29,377 | 7,013 | 28,516 | 64,524 | 155,723 | 79,357 | 113,482 | 180,928 | 137,041 | 139,494 | 78,325 | 29,213 | 58,419 | 43,067 | 97,509 | 82,985 | 40,748 | 20,937 | 19,116 |
| Short-term investments | US$ in thousands | 68,845 | 69,995 | 71,564 | 67,594 | 61,218 | 64,883 | 61,744 | 65,904 | 64,482 | 63,603 | 63,441 | 62,319 | 61,347 | 60,898 | 56,362 | 60,873 | 62,170 | 59,165 | 65,919 | 61,279 |
| Total current liabilities | US$ in thousands | 656,121 | 707,126 | 673,715 | 803,601 | 857,933 | 891,246 | 957,379 | 1,147,580 | 969,390 | 641,186 | 582,563 | 598,994 | 422,957 | 386,168 | 384,536 | 373,060 | 378,105 | 343,909 | 316,824 | 333,270 |
| Cash ratio | 0.16 | 0.14 | 0.12 | 0.12 | 0.15 | 0.25 | 0.15 | 0.16 | 0.25 | 0.31 | 0.35 | 0.23 | 0.21 | 0.31 | 0.26 | 0.42 | 0.38 | 0.29 | 0.27 | 0.24 |
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 the ability of a company to cover its short-term liabilities with its available cash and cash equivalents. A higher cash ratio indicates a stronger ability to meet immediate obligations.
Based on the data provided for AMN Healthcare Services Inc., the cash ratio has varied over the past eight quarters. In Q4 2022, the company had a relatively high cash ratio of 0.12, indicating a strong cash position compared to its short-term liabilities. However, this ratio declined in subsequent quarters, reaching its lowest point of 0.06 in Q2 2023.
While the cash ratio increased to 0.11 in Q4 2023, it remains lower than the ratio observed in the prior year. This downward trend in the cash ratio may signal potential liquidity challenges for AMN Healthcare Services Inc. in meeting its short-term obligations using cash alone.
Overall, the fluctuating cash ratio of AMN Healthcare Services Inc. suggests a need for monitoring the company's liquidity position closely to ensure it can effectively manage its short-term financial commitments.
Peer comparison
Dec 31, 2023