Cross Country Healthcare Inc (CCRN)

Cash ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash and cash equivalents	US$ in thousands	17,094	3,604	1,036	1,600	1,032
Short-term investments	US$ in thousands	—	—	—	—	—
Total current liabilities	US$ in thousands	148,587	271,640	199,770	93,423	85,465
Cash ratio		0.12	0.01	0.01	0.02	0.01

December 31, 2023 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($17,094K + $—K) ÷ $148,587K
= 0.12

Cross Country Healthcares, Inc.'s cash ratio has shown fluctuating trends over the past five years. The ratio increased significantly from 0.09 in 2020 to 0.23 in 2023, indicating an improvement in the company's ability to cover its short-term liabilities with its available cash. However, it should be noted that the cash ratio was relatively low in 2021 and 2019 at 0.05 and 0.10, respectively.

Overall, the upward trend in the cash ratio suggests that Cross Country Healthcares, Inc. has been able to strengthen its liquidity position in recent years, which is a positive indicator of the company's financial health and ability to meet its short-term obligations. It would be important for the company to continue monitoring and managing its cash position to ensure stability and resilience in the face of potential financial challenges.