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

Company name
Symbol
Current ratio
Mednax Inc
MD
1.24
Encompass Health Corp
EHC
1.28
Select Medical Holdings
SEM
1.01