Option Care Health Inc (OPCH)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,322,630 | 1,094,260 | 994,339 | 710,256 | 657,012 |
| Total current liabilities | US$ in thousands | 780,146 | 618,309 | 565,351 | 459,695 | 434,023 |
| Current ratio | 1.70 | 1.77 | 1.76 | 1.55 | 1.51 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,322,630K ÷ $780,146K
= 1.70
Option Care Health Inc's current ratio has shown a consistent improvement over the past five years, increasing from 1.51 in 2020 to 1.70 in 2024. This indicates that the company’s short-term liquidity position has strengthened, as it has more current assets available to cover its current liabilities.
The current ratio above 1 suggests that Option Care Health Inc has more than enough current assets to meet its short-term obligations, providing a buffer for unexpected expenses or downturns in business. However, it is important to note that a very high current ratio may also indicate that the company is not efficiently utilizing its current assets to generate revenue.
Overall, the increasing trend in Option Care Health Inc's current ratio is a positive indicator of its financial health and ability to manage its short-term obligations effectively over the years.
Peer comparison
Dec 31, 2024