Cross Country Healthcare Inc (CCRN)

Current ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Total current assets	US$ in thousands	415,153	675,673	508,273	183,111	183,357
Total current liabilities	US$ in thousands	148,587	271,640	199,770	93,423	85,465
Current ratio		2.79	2.49	2.54	1.96	2.15

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $415,153K ÷ $148,587K
= 2.79

The current ratio of Cross Country Healthcares, Inc. has shown fluctuations over the past five years. The company's current ratio increased from 2.15 in 2019 to 2.54 in 2021, indicating a strengthening liquidity position. However, there was a dip in 2022 to 2.49 before rebounding to 2.79 in 2023.

A current ratio above 1.0 is generally considered healthy as it indicates that the company has more current assets than current liabilities to cover its short-term obligations. Cross Country Healthcares, Inc. has consistently maintained a current ratio above 1.0 throughout the five-year period, which is a positive indicator of its ability to meet its short-term financial obligations.

The increasing trend in the current ratio from 2019 to 2021 suggests that the company has been effectively managing its working capital and maintaining a strong liquidity position. However, the slight decrease in 2022 raises some concerns, but the ratio bouncing back in 2023 indicates a potential improvement in the company's short-term liquidity position.

Overall, Cross Country Healthcares, Inc.'s current ratio has generally been at a healthy level over the past five years, showcasing the company's ability to manage its short-term liquidity effectively.