Option Care Health Inc (OPCH)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 412,565 | 343,849 | 294,186 | 119,423 | 99,265 |
| Short-term investments | US$ in thousands | — | 9,746 | 10,926 | — | — |
| Receivables | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 780,146 | 618,309 | 565,351 | 459,695 | 434,023 |
| Quick ratio | 0.53 | 0.57 | 0.54 | 0.26 | 0.23 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($412,565K
+ $—K
+ $—K)
÷ $780,146K
= 0.53
The quick ratio of Option Care Health Inc has shown a gradual improvement over the past five years. Starting at 0.23 on December 31, 2020, the ratio increased to 0.26 by December 31, 2021, indicating a better ability to meet short-term obligations with liquid assets.
By the end of December 31, 2022, the quick ratio further improved to 0.54, depicting a significant enhancement in the company's short-term liquidity position. This trend continued into December 31, 2023, where the quick ratio stood at 0.57, suggesting a continued strengthening of the company's ability to cover immediate liabilities.
However, there was a slight dip in the quick ratio by December 31, 2024, dropping to 0.53. This decrease, although minor, indicates a potential decrease in the company's short-term liquidity compared to the previous year. Overall, the varying quick ratios suggest fluctuations in Option Care Health Inc's ability to swiftly meet its short-term financial obligations with its current liquid assets.
Peer comparison
Dec 31, 2024