Option Care Health Inc (OPCH)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 412,565 | 343,849 | 294,186 | 119,423 | 99,265 |
| Short-term investments | US$ in thousands | — | 9,746 | 10,926 | — | — |
| Total current liabilities | US$ in thousands | 780,146 | 618,309 | 565,351 | 459,695 | 434,023 |
| Cash ratio | 0.53 | 0.57 | 0.54 | 0.26 | 0.23 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($412,565K
+ $—K)
÷ $780,146K
= 0.53
The cash ratio of Option Care Health Inc has shown a positive trend over the past five years, increasing from 0.23 in December 2020 to 0.53 in December 2024. This indicates that the company's ability to cover its short-term liabilities with its cash and cash equivalents has improved significantly. A higher cash ratio suggests that Option Care Health Inc has a stronger liquidity position and may be better equipped to meet its immediate financial obligations. This positive trend in the cash ratio reflects a prudent management of the company's cash resources, which is essential for financial stability and operational flexibility.
Peer comparison
Dec 31, 2024