Option Care Health Inc (OPCH)

Current ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Total current assets	US$ in thousands	1,094,260	994,339	710,256	657,012	558,654
Total current liabilities	US$ in thousands	618,309	565,351	459,695	434,023	330,004
Current ratio		1.77	1.76	1.55	1.51	1.69

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $1,094,260K ÷ $618,309K
= 1.77

Option Care Health Inc.'s current ratio has shown a fluctuating trend over the past five years. As of December 31, 2023, the company's current ratio stood at 1.77, indicating that it had $1.77 in current assets for every $1 of current liabilities. This ratio has slightly increased from the previous year, demonstrating improved short-term liquidity.

While a current ratio above 1 generally suggests that a company has more current assets than current liabilities to cover its short-term obligations, it is essential to consider the industry norms and specific business operations. Option Care Health Inc. has maintained a current ratio above 1 over the years, reflecting a strong ability to meet its short-term financial commitments.

Moreover, the fluctuation in the current ratio over the years could indicate varying levels of efficiency in managing working capital or changes in the composition of current assets and liabilities. Overall, the current ratio of 1.77 in 2023 highlights Option Care Health Inc.'s continued focus on maintaining a healthy liquidity position to support its ongoing operations and potential growth opportunities.