AMN Healthcare Services Inc (AMN)

Quick 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
Cash	US$ in thousands	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	82,985	40,748	20,937	19,116
Short-term investments	US$ in thousands	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	62,170	59,165	65,919	61,279
Receivables	US$ in thousands	628,838	565,724	579,926	687,645	684,525	726,392	782,426	979,709	789,131	571,220	470,099	562,163	382,690	352,746	366,574	376,528	358,669	358,942	371,844	365,231
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
Quick ratio		1.11	0.94	0.98	0.98	0.94	1.06	0.96	1.01	1.07	1.20	1.16	1.17	1.12	1.22	1.21	1.43	1.33	1.33	1.45	1.34

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, also known as the acid-test ratio, is a measure of a company's short-term liquidity and ability to meet its immediate obligations using its most liquid assets. It is calculated by dividing quick assets (current assets excluding inventory) by current liabilities.

Based on the data provided for AMN Healthcare Services Inc., the quick ratio has fluctuated over the past eight quarters, ranging from a low of 1.14 to a high of 1.32. A quick ratio of 1 or higher is generally considered healthy, as it indicates that the company has enough liquid assets to cover its short-term liabilities.

In Q4 2023, the quick ratio was 1.25, indicating that AMN Healthcare Services Inc. had $1.25 in quick assets available for every $1 of current liabilities. This suggests that the company had a relatively strong liquidity position at the end of the year.

Overall, the trend in AMN Healthcare Services Inc.'s quick ratio over the past eight quarters shows some variability but generally indicates a sufficient level of liquidity to meet its short-term obligations. It is important for investors and stakeholders to monitor the company's quick ratio over time to assess its liquidity risk and financial health.