AMN Healthcare Services Inc (AMN)
Quick ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 10,649 | 30,550 | 65,849 | 71,811 | 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 |
| Short-term investments | US$ in thousands | — | — | 71,749 | 71,912 | 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 |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 545,785 | 518,546 | 573,890 | 623,903 | 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 |
| Quick ratio | 0.02 | 0.06 | 0.24 | 0.23 | 0.16 | 0.14 | 0.12 | 0.12 | 0.15 | 0.25 | 0.15 | 0.16 | 0.25 | 0.31 | 0.35 | 0.23 | 0.21 | 0.31 | 0.26 | 0.42 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($10,649K
+ $—K
+ $—K)
÷ $545,785K
= 0.02
The quick ratio of AMN Healthcare Services Inc has exhibited fluctuations over the periods indicated in the data provided. The quick ratio is a measure of a company's ability to meet its short-term obligations with its most liquid assets.
The trend of the quick ratio from March 31, 2020, at 0.42 to December 31, 2024, at 0.02 shows a general decline. AMN Healthcare's quick ratio dipped substantially from 0.42 in March 2020 to 0.02 by December 2024. The quick ratio values from 2020 to 2022 generally hovered around a range of 0.15 to 0.35, but towards the end of the period, a significant decline was observed. A quick ratio below 1 may indicate potential liquidity issues as it suggests that the company may not have enough quick assets to cover its current liabilities.
The quick ratio hitting a low point of 0.02 by December 31, 2024, could be a red flag, as it indicates that the company may struggle to pay off its current liabilities using its most liquid assets alone. Investors and analysts should closely monitor this trend to assess the company's ability to manage its short-term obligations.
Peer comparison
Dec 31, 2024