AMN Healthcare Services Inc (AMN)
Quick ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 32,935 | 64,524 | 180,928 | 29,213 | 82,985 |
| Short-term investments | US$ in thousands | 68,845 | 61,218 | 64,482 | 61,347 | 62,170 |
| Receivables | US$ in thousands | 628,838 | 684,525 | 789,131 | 382,690 | 358,669 |
| Total current liabilities | US$ in thousands | 656,121 | 857,933 | 969,390 | 422,957 | 378,105 |
| Quick ratio | 1.11 | 0.94 | 1.07 | 1.12 | 1.33 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($32,935K
+ $68,845K
+ $628,838K)
÷ $656,121K
= 1.11
The quick ratio of AMN Healthcare Services Inc. has shown some fluctuation over the past five years. In general, the quick ratio has remained above 1, indicating that the company has sufficient liquid assets to cover its short-term obligations without relying on inventory.
The quick ratio peaked at 1.43 in 2019, showing a strong ability to meet short-term liabilities with its most liquid assets. However, there was a slight decline in the quick ratio in 2020 to 1.22, suggesting a temporary decrease in liquidity.
In 2021, the quick ratio improved to 1.36, indicating a healthier liquidity position. The ratio then slightly decreased to 1.23 in 2022 before increasing to 1.25 in 2023. Overall, the quick ratio demonstrates that AMN Healthcare Services Inc. has maintained a relatively stable liquidity position over the past five years, with a current ratio consistently above 1, which is a positive sign for the company's short-term financial health.
Peer comparison
Dec 31, 2023