Cross Country Healthcare Inc (CCRN)

Current ratio

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Total current assets	US$ in thousands	415,153	445,229	505,634	648,612	675,673	660,017	718,323	692,306	508,273	313,273	285,390	269,734	183,111	182,441	174,552	190,630	183,357	189,688	187,242	186,484
Total current liabilities	US$ in thousands	148,587	183,578	216,027	264,908	271,640	276,790	268,658	283,245	199,770	144,662	122,060	121,660	93,423	96,666	98,781	99,002	85,465	93,488	94,144	89,788
Current ratio		2.79	2.43	2.34	2.45	2.49	2.38	2.67	2.44	2.54	2.17	2.34	2.22	1.96	1.89	1.77	1.93	2.15	2.03	1.99	2.08

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 displayed fluctuations over the past eight quarters, ranging from a low of 2.34 in Q2 2023 to a high of 2.79 in Q4 2023. The current ratio measures the company's ability to meet its short-term obligations with its current assets.

A current ratio above 1 indicates that the company has more current assets than current liabilities, suggesting a strong liquidity position to cover its short-term obligations. Cross Country Healthcares, Inc. has consistently maintained a current ratio above 2 throughout the quarters analyzed, signifying a healthy liquidity position.

The trend of the current ratio shows some variability, which could be influenced by changes in current assets and current liabilities over time. Overall, the company appears to have a solid ability to cover its immediate financial obligations, which is a positive indicator of its financial health.