Option Care Health Inc (OPCH)

Current 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
Total current assets	US$ in thousands	1,094,260	1,116,280	1,198,220	1,029,540	994,339	951,964	877,139	805,712	710,256	811,184	735,764	664,734	657,012	676,475	637,543	601,272	558,654	545,246	177,640	171,085
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
Current ratio		1.77	1.79	1.79	1.66	1.76	1.62	1.58	1.59	1.55	1.67	1.60	1.58	1.51	1.56	1.62	1.59	1.69	1.71	1.53	1.48

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 fluctuations over the past eight quarters, ranging from a low of 1.58 in Q2 2022 to a high of 1.79 in Q3 2023, Q2 2023, and Q3 2022. The current ratio measures the company's ability to meet its short-term obligations with its current assets. A current ratio above 1 indicates that the company has more current assets than current liabilities, which is generally a positive sign of liquidity.

In the most recent quarter, Q4 2023, Option Care Health Inc. had a current ratio of 1.77, indicating that the company had $1.77 in current assets for every $1 of current liabilities. This suggests that the company is in a relatively strong position to meet its short-term obligations. However, it's important to consider industry benchmarks and trends over time to get a more comprehensive understanding of the company's liquidity position and financial health.