Mednax Inc (MD)
Current ratio
| 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 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 639,607 | 528,215 | 429,212 | 426,523 | 483,454 | 420,524 | 397,767 | 311,883 | 334,750 | 423,707 | 365,915 | 439,777 | 740,849 | 788,029 | 752,313 | 665,399 | 1,549,350 | 1,651,160 | 688,329 | 940,896 |
| Total current liabilities | US$ in thousands | 434,110 | 373,080 | 310,156 | 207,035 | 388,946 | 350,444 | 320,318 | 226,675 | 374,225 | 351,694 | 287,463 | 269,727 | 394,118 | 397,564 | 351,105 | 326,958 | 423,157 | 488,364 | 383,933 | 346,400 |
| Current ratio | 1.47 | 1.42 | 1.38 | 2.06 | 1.24 | 1.20 | 1.24 | 1.38 | 0.89 | 1.20 | 1.27 | 1.63 | 1.88 | 1.98 | 2.14 | 2.04 | 3.66 | 3.38 | 1.79 | 2.72 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $639,607K ÷ $434,110K
= 1.47
The current ratio of Mednax Inc has fluctuated over the periods provided. The current ratio, which measures the company's ability to meet its short-term obligations with its current assets, stood at 2.72 as of March 31, 2020, indicating a strong ability to cover its current liabilities. However, the ratio decreased to 1.79 by June 30, 2020, signaling a potential strain on meeting short-term obligations.
Subsequently, the company improved its current ratio to 3.38 as of September 30, 2020, and further to 3.66 by December 31, 2020, demonstrating a robust position in terms of liquidity. The ratio then declined in the following periods, reaching 0.89 by December 31, 2022, indicating a significant decrease in the company's ability to cover short-term obligations with current assets.
There was a slight recovery in the current ratio to 2.06 by March 31, 2024, but it decreased again to 1.38 by June 30, 2024. Overall, the trend in Mednax Inc's current ratio shows fluctuation, highlighting potential changes in the company's liquidity position over the periods analyzed.
Peer comparison
Dec 31, 2024