Mednax Inc (MD)
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 | 483,454 | 420,524 | 397,767 | 408,592 | 427,989 | 423,707 | 459,301 | 439,777 | 840,564 | 788,029 | 752,313 | 665,399 | 1,549,350 | 1,651,160 | 688,329 | 940,896 | 731,507 | 965,301 | 985,520 | 1,057,420 |
| Total current liabilities | US$ in thousands | 388,946 | 350,444 | 320,318 | 284,218 | 426,983 | 351,694 | 329,415 | 269,727 | 427,366 | 397,564 | 351,105 | 326,958 | 444,335 | 488,364 | 383,933 | 346,400 | 541,818 | 500,790 | 441,046 | 415,183 |
| Current ratio | 1.24 | 1.20 | 1.24 | 1.44 | 1.00 | 1.20 | 1.39 | 1.63 | 1.97 | 1.98 | 2.14 | 2.04 | 3.49 | 3.38 | 1.79 | 2.72 | 1.35 | 1.93 | 2.23 | 2.55 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $483,454K ÷ $388,946K
= 1.24
Pediatrix Medical Group Inc's current ratio has fluctuated over the past eight quarters, ranging from a low of 1.00 in Q4 2022 to a high of 1.63 in Q1 2022. The current ratio measures the company's ability to cover its short-term liabilities with its current assets. A ratio above 1 indicates that the company has more current assets than current liabilities, which is generally considered a positive sign.
In the most recent quarter, Q4 2023, the current ratio increased to 1.24 from 1.20 in Q3 2023. This suggests that the company improved its short-term liquidity position during this period. However, compared to the stronger ratios seen in Q1 and Q2 2022, the current ratio in Q4 2023 is relatively lower.
Overall, the trend of the current ratio for Pediatrix Medical Group Inc indicates some variability in its short-term liquidity position. It would be important to further assess the components of current assets and liabilities to understand the underlying reasons for these fluctuations and to ensure the company maintains a healthy liquidity position in the future.
Peer comparison
Dec 31, 2023