AMN Healthcare Services Inc (AMN)

Cash 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 and cash equivalents US$ in thousands 10,649 30,550 65,849 71,811 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
Short-term investments US$ in thousands 71,749 71,912 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
Total current liabilities US$ in thousands 545,785 518,546 573,890 623,903 656,121 707,126 673,715 803,601 857,933 891,246 957,379 1,147,580 969,390 641,186 582,563 598,994 422,957 386,168 384,536 373,060
Cash ratio 0.02 0.06 0.24 0.23 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

December 31, 2024 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($10,649K + $—K) ÷ $545,785K
= 0.02

The cash ratio of AMN Healthcare Services Inc has exhibited fluctuations over the periods analyzed. The ratio, which measures the company's ability to cover its short-term liabilities with its cash and cash equivalents, ranged from 0.02 to 0.42 within the observed timeframe.

The trend indicates a general decrease in the cash ratio starting from a high of 0.42 as of March 31, 2020, and reaching a low of 0.02 by December 31, 2024. The ratio remained relatively stable above 0.2 until September 30, 2022, after which it experienced a sharp decline. This downward trend may suggest potential liquidity challenges or a decrease in the company's ability to cover its short-term obligations solely with cash.

Furthermore, the decreasing cash ratio could indicate a utilization of cash reserves for investments, acquisitions, or other strategic initiatives, potentially impacting the company's liquidity position. Investors and stakeholders may need to closely monitor this trend to assess the company's ability to meet its financial obligations in the short term.


Peer comparison

Dec 31, 2024