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.
Peer comparison
Dec 31, 2023