AMN Healthcare Services Inc (AMN)

Current 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
Total current assets	US$ in thousands	841,685	831,120	807,236	1,071,060	1,093,640	1,206,170	1,190,220	1,478,770	1,349,070	899,531	790,103	830,357	533,735	513,703	518,639	600,594	560,499	506,932	489,868	488,887
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
Current ratio		1.28	1.18	1.20	1.33	1.27	1.35	1.24	1.29	1.39	1.40	1.36	1.39	1.26	1.33	1.35	1.61	1.48	1.47	1.55	1.47

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 exhibited some fluctuations over the past eight quarters. The current ratio measures the company's ability to cover its short-term liabilities with its current assets.

In Q4 2023, the current ratio stood at 1.28, indicating that for every dollar of current liabilities, the company had $1.28 of current assets available. This represents a slight improvement compared to the previous quarter (Q3 2023) where the ratio was 1.18, suggesting a stronger liquidity position in the most recent quarter.

It's worth noting that the current ratio has been relatively stable over the past two years, ranging from a low of 1.18 in Q3 2023 to a high of 1.35 in Q3 2022. Generally, a current ratio above 1.0 is considered healthy, as it indicates the company has more current assets than current liabilities, potentially being able to meet its short-term obligations.

However, a declining trend in the current ratio could signal potential liquidity issues in the future if not managed effectively. It is important for investors and stakeholders to monitor these fluctuations to assess the company's financial health and ability to cover its short-term financial obligations.