Chemed Corp (CHE)

Quick ratio

Mar 31, 2025 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
Cash US$ in thousands 178,350 178,350 238,451 222,903 313,350 263,958 173,150 159,924 58,054 74,126 7,781 9,640 18,160 32,895 28,743 92,120 210,156 162,675 112,765 20,376
Short-term investments US$ in thousands — — — — — — — — — — — — — — — 98,256 93,705 88,811 86,865 —
Receivables US$ in thousands — — — — — — — — — — — — — — — — — — — —
Total current liabilities US$ in thousands 285,695 285,695 264,779 261,753 281,974 312,050 297,219 302,487 283,460 297,205 298,150 285,068 279,651 302,399 286,086 267,402 290,215 299,108 329,163 318,516
Quick ratio 0.62 0.62 0.90 0.85 1.11 0.85 0.58 0.53 0.20 0.25 0.03 0.03 0.06 0.11 0.10 0.71 1.05 0.84 0.61 0.06

March 31, 2025 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($178,350K + $—K + $—K) ÷ $285,695K
= 0.62

The quick ratio of Chemed Corp has demonstrated significant fluctuations over the analyzed periods. Starting at a low of 0.06 on June 30, 2020, the ratio gradually improved and reached its highest point of 1.11 on March 31, 2024. This suggests an enhanced ability to cover short-term obligations with liquid assets. Despite some variability, the quick ratio generally remained above 1.0 from March 31, 2021, indicating a healthy liquidity position. However, there was a decline in the ratio towards the end of the period, dropping to 0.62 as of December 31, 2024 and March 31, 2025. It is important to monitor this trend closely to assess the company's ongoing ability to meet its short-term liabilities with its current assets.