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