Amphastar P (AMPH)

Current ratio

Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Total current assets US$ in thousands 489,600 378,319 318,119 279,682 255,241
Total current liabilities US$ in thousands 225,407 94,862 103,810 112,201 90,009
Current ratio 2.17 3.99 3.06 2.49 2.84

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $489,600K ÷ $225,407K
= 2.17

The current ratio of Amphastar Pharmaceuticals Inc has fluctuated over the past five years. As of December 31, 2023, the current ratio stands at 2.17, which indicates that the company had $2.17 in current assets to cover each $1 of current liabilities. This ratio has decreased significantly compared to the previous year, where it was at 3.99, suggesting a potential weakening in the company's ability to meet its short-term obligations. However, the current ratio of 2.17 is still above 2, which is generally considered healthy, although a higher ratio indicates stronger liquidity. It is essential for investors and analysts to further investigate the reasons behind this decrease in the current ratio to assess the company's liquidity position accurately and its ability to manage short-term financial obligations.


Peer comparison

Dec 31, 2023