Amphastar P (AMPH)

Quick 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	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
Receivables	US$ in thousands	136,289	139,635	131,412	138,114	114,943	118,990	104,715	100,638	88,804	77,099	80,810	73,166	78,804	78,090	67,893	77,938	66,005	52,382	49,862	57,784
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
Quick ratio		2.06	2.45	2.55	1.68	1.65	1.62	1.07	2.78	2.79	2.56	2.55	2.27	2.08	1.97	1.49	1.52	1.53	1.56	1.59	1.50

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 is a measure of the company's liquidity and its ability to meet its short-term obligations using its most liquid assets. The trend analysis of the quick ratio from March 31, 2020, to December 31, 2024 shows fluctuations over the periods.

- The quick ratio started at a solid 1.50 on March 31, 2020, showing that the company had $1.50 in liquid assets for every $1 of current liabilities.
- The ratio improved steadily over the next few quarters, reaching a peak of 2.79 on December 31, 2022, indicating a strong ability to cover short-term liabilities with liquid assets.
- However, there was a slight dip in the ratio to 1.07 on June 30, 2023, which could indicate potential liquidity issues during that period.
- The ratio recovered in the following periods, showing a consistent upward trend until June 30, 2024, where it surged to 2.55.
- The ratio remained relatively stable for the rest of 2024, staying above 2.00.

Overall, the quick ratio trend for Amphastar P indicates a generally healthy liquidity position, with periods of fluctuation that may require further investigation. It is important to assess the company's ability to maintain or improve its liquidity position to ensure it can meet its short-term obligations effectively.