Option Care Health Inc (OPCH)
Cash 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 and cash equivalents | US$ in thousands | 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 | 67,056 | 52,789 | 14,390 | 5,703 |
| Short-term investments | US$ in thousands | — | 8,927 | 8,740 | 9,939 | — | 8,544 | 4,853 | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 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 | 330,004 | 319,668 | 116,165 | 115,588 |
| Cash ratio | 0.56 | 0.63 | 0.67 | 0.50 | 0.52 | 0.45 | 0.38 | 0.29 | 0.26 | 0.41 | 0.34 | 0.26 | 0.23 | 0.32 | 0.30 | 0.20 | 0.20 | 0.17 | 0.12 | 0.05 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($343,849K
+ $—K)
÷ $618,309K
= 0.56
The cash ratio of Option Care Health Inc. has shown a fluctuating trend over the past eight quarters. The ratio has ranged from a low of 0.44 in Q1 2022 to a high of 0.81 in Q2 2023. This indicates that the company had varying levels of cash and cash equivalents compared to its current liabilities during this period.
Overall, the cash ratio has generally been above 0.5, suggesting that Option Care Health Inc. has typically had sufficient cash on hand to cover its short-term liabilities. The upward trend in the cash ratio from Q1 2023 to Q2 2023 indicates an improvement in the company's liquidity position during that period.
However, the ratio dipped in Q4 2023 to 0.72, which may indicate a slight decrease in the company's ability to cover its current liabilities with its available cash. It would be important for Option Care Health Inc. to monitor and potentially enhance its liquidity management to ensure it can meet its short-term obligations effectively.
In conclusion, while the cash ratio of Option Care Health Inc. has fluctuated over the past eight quarters, it generally suggests that the company has maintained a reasonable level of liquidity to meet its short-term financial commitments.
Peer comparison
Dec 31, 2023