Amphastar P (AMPH)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 151,609 | 144,296 | 156,098 | 126,353 | 92,642 |
| Short-term investments | US$ in thousands | 70,036 | 112,510 | 19,664 | 10,320 | 12,977 |
| Receivables | US$ in thousands | 136,289 | 114,943 | 88,804 | 78,804 | 66,005 |
| Total current liabilities | US$ in thousands | 173,759 | 225,407 | 94,862 | 103,810 | 112,201 |
| Quick ratio | 2.06 | 1.65 | 2.79 | 2.08 | 1.53 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($151,609K
+ $70,036K
+ $136,289K)
÷ $173,759K
= 2.06
The quick ratio of Amphastar P has shown fluctuation over the past five years. Starting at 1.53 in December 31, 2020, the ratio increased steadily to 2.79 by December 31, 2022, indicating an improvement in the company's ability to cover its short-term obligations with its most liquid assets. However, by December 31, 2023, the quick ratio dropped to 1.65 before slightly recovering to 2.06 by December 31, 2024. Overall, the quick ratio trend suggests that Amphastar P has generally maintained a healthy level of liquidity to meet its immediate financial obligations over the years.
Peer comparison
Dec 31, 2024