AMN Healthcare Services Inc (AMN)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 841,685 | 1,093,640 | 1,349,070 | 533,735 | 560,499 |
| Total current liabilities | US$ in thousands | 656,121 | 857,933 | 969,390 | 422,957 | 378,105 |
| Current ratio | 1.28 | 1.27 | 1.39 | 1.26 | 1.48 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $841,685K ÷ $656,121K
= 1.28
The current ratio of AMN Healthcare Services Inc. has slightly fluctuated over the past five years. The ratio indicates the company's ability to cover its short-term obligations with its current assets.
In 2023, the current ratio stands at 1.28, showing a moderate decrease from the prior year but remaining at a reasonable level above 1. A current ratio above 1 suggests that the company has more current assets than current liabilities, which is generally seen as a positive sign of financial health and liquidity.
Although the current ratio has shown some variation, it has generally remained above 1 over the years, indicating that AMN Healthcare Services Inc. has been able to meet its short-term obligations adequately. However, it is important to monitor trends in the current ratio over time to ensure continued stability in the company's liquidity position.
Peer comparison
Dec 31, 2023