Option Care Health Inc (OPCH)
Cash 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 412,565 | 483,026 | 376,872 | 219,513 | 343,849 | 386,489 | 441,166 | 297,776 | 294,186 | 255,468 | 204,046 | 145,600 | 119,423 | 200,856 | 157,526 | 109,362 | 99,265 | 140,047 | 118,099 | 77,244 |
| Short-term investments | US$ in thousands | — | — | 10,542 | 10,421 | 9,746 | 8,927 | 8,740 | 9,939 | 10,926 | 8,544 | 4,853 | 1,408 | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 780,146 | 763,224 | 695,407 | 636,952 | 618,309 | 624,084 | 668,467 | 618,566 | 565,351 | 586,800 | 555,308 | 508,139 | 459,695 | 485,664 | 459,516 | 420,164 | 434,023 | 433,173 | 394,611 | 379,023 |
| Cash ratio | 0.53 | 0.63 | 0.56 | 0.36 | 0.57 | 0.63 | 0.67 | 0.50 | 0.54 | 0.45 | 0.38 | 0.29 | 0.26 | 0.41 | 0.34 | 0.26 | 0.23 | 0.32 | 0.30 | 0.20 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($412,565K
+ $—K)
÷ $780,146K
= 0.53
Option Care Health Inc's cash ratio has shown fluctuating trends over the years. The cash ratio measures the company's ability to cover its current liabilities with its cash and cash equivalents.
From the given data, we can see that the cash ratio has ranged from 0.20 to 0.67 during the period. The cash ratio improved from 0.20 as of March 31, 2020, to 0.67 as of June 30, 2023, indicating an increase in the company's ability to pay off its short-term obligations with its available cash.
However, it is worth noting that there have been periods of decline as well, with the ratio dropping to 0.23 as of December 31, 2020, and then recovering to reach its peak at 0.67 by June 30, 2023. The ratio then decreased to 0.53 by December 31, 2024.
Overall, the improving trend in the cash ratio up to June 30, 2023, reflects positively on Option Care Health Inc's liquidity position and ability to meet its short-term obligations. However, the subsequent decrease in the ratio suggests a potential decrease in liquidity by the end of the period. Monitoring the cash ratio can provide insights into the company's financial health and its ability to manage short-term cash needs effectively.
Peer comparison
Dec 31, 2024