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.