Amphastar P (AMPH)

Current 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
Total current assets	US$ in thousands	534,071	545,949	482,645	555,078	489,600	543,005	384,554	407,670	378,319	384,222	377,145	364,415	318,119	303,671	310,973	300,164	279,682	276,541	266,821	246,724
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
Current ratio		3.07	3.43	3.52	2.18	2.17	2.10	1.53	3.86	3.99	3.76	3.64	3.19	3.06	3.10	2.50	2.36	2.49	2.86	2.86	2.96

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 fluctuated over the past few years. From March 31, 2020, to September 30, 2021, the current ratio remained relatively stable, ranging from 2.36 to 3.10, indicating that the company had a healthy level of current assets to cover its current liabilities during this period.

However, there was a significant decline in the current ratio from June 30, 2023, to March 31, 2024, dropping as low as 1.53 and 2.10, respectively. This suggests a potential strain on the company's liquidity position, as its ability to meet short-term obligations weakened during this period.

Subsequently, the current ratio improved significantly from June 30, 2024, reaching a high of 3.52 on that date and remaining above 3.00 in the subsequent quarters, indicating a strengthened liquidity position and a better ability to cover its short-term liabilities with current assets.

Overall, while there have been fluctuations in the current ratio of Amphastar P, the recent trend shows an improvement in liquidity and a more favorable position in meeting short-term obligations.