Amphastar P (AMPH)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 534,071 | 489,600 | 378,319 | 318,119 | 279,682 |
| Total current liabilities | US$ in thousands | 173,759 | 225,407 | 94,862 | 103,810 | 112,201 |
| Current ratio | 3.07 | 2.17 | 3.99 | 3.06 | 2.49 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $534,071K ÷ $173,759K
= 3.07
The current ratio of Amphastar P has shown fluctuation over the past five years. It stood at 2.49 as of December 31, 2020, indicating that the company had $2.49 in current assets for every $1 in current liabilities, providing a reasonable cushion to meet short-term obligations. Subsequently, the current ratio improved to 3.06 by December 31, 2021, signaling a strengthened liquidity position.
By December 31, 2022, the current ratio further increased to 3.99, suggesting that the company had a strong ability to cover its short-term liabilities with its current assets. However, there was a decline in the current ratio to 2.17 by December 31, 2023, which may indicate a potential liquidity strain or a change in the composition of current assets or liabilities.
As of December 31, 2024, the current ratio rose again to 3.07, indicating a better liquidity position compared to the previous year. Overall, the trend in the current ratio of Amphastar P reflects fluctuations in the company's liquidity and ability to meet short-term obligations, indicating the importance of continuous monitoring of its financial health.
Peer comparison
Dec 31, 2024