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.
Peer comparison
Dec 31, 2023