Amphastar P (AMPH)

Cash 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 and cash equivalents	US$ in thousands	151,609	192,116	189,619	201,148	144,296	266,778	148,595	176,615	156,098	157,244	166,157	172,627	126,353	106,610	105,432	101,601	92,642	87,910	87,388	54,845
Short-term investments	US$ in thousands	70,036	58,375	28,156	88,407	112,510	33,098	14,541	16,277	19,664	26,843	17,234	14,383	10,320	8,021	11,745	13,531	12,977	10,873	11,101	12,203
Total current liabilities	US$ in thousands	173,759	159,010	136,971	255,169	225,407	257,963	251,285	105,635	94,862	102,190	103,634	114,364	103,810	97,989	124,549	127,096	112,201	96,717	93,286	83,371
Cash ratio		1.28	1.58	1.59	1.13	1.14	1.16	0.65	1.83	1.85	1.80	1.77	1.64	1.32	1.17	0.94	0.91	0.94	1.02	1.06	0.80

December 31, 2024 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($151,609K + $70,036K) ÷ $173,759K
= 1.28

The cash ratio of Amphastar P has shown fluctuating trends over the past few years. Starting from March 31, 2020, with a value of 0.80, the ratio increased to 1.06 by June 30, 2020, indicating an improvement in the company's ability to cover its short-term liabilities with cash on hand.

Subsequently, there were slight fluctuations in the cash ratio, reaching a low of 0.65 on June 30, 2023, which might have raised concerns about the company's liquidity position. However, the ratio bounced back to 1.59 by June 30, 2024, signaling a recovery in the company's liquidity strength.

Overall, the cash ratio of Amphastar P has generally been above 1.0 since June 30, 2020, indicating that the company has had sufficient cash to cover its short-term obligations during most of the periods under review. The increasing trend in the cash ratio from June 30, 2023, to June 30, 2024, suggests an improvement in the company's liquidity position and its ability to meet its short-term financial obligations with its cash reserves.