Mednax Inc (MD)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 483,454 | 427,989 | 840,564 | 1,549,350 | 731,507 |
| Total current liabilities | US$ in thousands | 388,946 | 426,983 | 427,366 | 444,335 | 541,818 |
| Current ratio | 1.24 | 1.00 | 1.97 | 3.49 | 1.35 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $483,454K ÷ $388,946K
= 1.24
The current ratio of Pediatrix Medical Group Inc has fluctuated over the past five years. In 2023, the current ratio was at 1.24, indicating that the company had $1.24 in current assets for every $1.00 in current liabilities. This represents an improvement from the previous year, where the current ratio was only 1.00.
Comparing the current ratio to earlier years, we see that in 2022, the company had a lower current ratio of 1.00, suggesting a potential liquidity issue as it had just enough current assets to cover its current liabilities. The current ratio was significantly higher in 2021 at 1.97, indicating a stronger liquidity position with almost twice as many current assets as current liabilities.
The most favorable current ratio was seen in 2020, at 3.49, reflecting a very strong liquidity position with more than three times as many current assets as current liabilities. In contrast, in 2019, the company had a current ratio of 1.35, indicating a moderate liquidity position.
Overall, the current ratio of Pediatrix Medical Group Inc has varied over the years, with fluctuations impacting its liquidity position. It is crucial for the company to maintain a healthy current ratio to ensure it can meet its short-term obligations.
Peer comparison
Dec 31, 2023