Mednax Inc (MD)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 73,258 | 21,179 | 5,849 | 6,124 | 9,824 | 8,668 | 14,088 | 7,179 | 387,391 | 357,914 | 338,157 | 269,630 | 1,123,840 | 294,512 | 132,151 | 311,805 | 107,870 | 25,095 | 35,934 | 46,476 |
| Short-term investments | US$ in thousands | 104,485 | 103,541 | 98,490 | 96,709 | 93,239 | 91,396 | 93,386 | 89,576 | 99,715 | 98,510 | 100,763 | 100,811 | 104,870 | 81,574 | 90,642 | 85,041 | 0 | 78,371 | 82,835 | 0 |
| Receivables | US$ in thousands | 272,313 | 277,352 | 270,852 | 278,739 | 296,787 | 304,080 | 328,730 | 317,619 | 316,024 | 279,253 | 277,110 | 265,129 | 241,931 | 289,922 | 410,110 | 503,440 | 498,869 | 494,699 | 504,190 | 522,638 |
| 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 |
| Quick ratio | 1.16 | 1.15 | 1.17 | 1.34 | 0.94 | 1.15 | 1.32 | 1.54 | 1.88 | 1.85 | 2.04 | 1.94 | 3.31 | 1.36 | 1.65 | 2.60 | 1.12 | 1.19 | 1.41 | 1.37 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($73,258K
+ $104,485K
+ $272,313K)
÷ $388,946K
= 1.16
The quick ratio of Pediatrix Medical Group Inc has shown some fluctuations 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 quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets, excluding inventory.
The current quick ratio of 1.24 in Q4 2023 indicates that the company has $1.24 of liquid assets available to cover each dollar of its current liabilities. This suggests that Pediatrix Medical Group Inc has a relatively strong ability to meet its short-term financial obligations using its quick assets.
The increasing trend in the quick ratio from Q4 2022 to Q1 2022 indicates an improvement in the company's short-term liquidity position. However, the subsequent decrease in Q2 2023 and Q3 2023 followed by a slight increase in Q4 2023 suggests some variability in the company's liquidity management during these periods.
Overall, while the quick ratio of Pediatrix Medical Group Inc has shown fluctuations, the company has generally maintained a healthy level of liquidity to cover its short-term liabilities. It is important for investors and stakeholders to continue monitoring the quick ratio to assess the company's ability to meet its financial obligations in the short term.
Peer comparison
Dec 31, 2023