Option Care Health Inc (OPCH)
Quick ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 412,565 | 483,026 | 376,872 | 219,513 | 343,849 | 386,489 | 441,166 | 297,776 | 294,186 | 255,468 | 204,046 | 145,600 | 119,423 | 200,856 | 157,526 | 109,362 | 99,265 | 140,047 | 118,099 | 77,244 |
| Short-term investments | US$ in thousands | — | — | 10,542 | 10,421 | 9,746 | 8,927 | 8,740 | 9,939 | 10,926 | 8,544 | 4,853 | 1,408 | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 780,146 | 763,224 | 695,407 | 636,952 | 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 |
| Quick ratio | 0.53 | 0.63 | 0.56 | 0.36 | 0.57 | 0.63 | 0.67 | 0.50 | 0.54 | 0.45 | 0.38 | 0.29 | 0.26 | 0.41 | 0.34 | 0.26 | 0.23 | 0.32 | 0.30 | 0.20 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($412,565K
+ $—K
+ $—K)
÷ $780,146K
= 0.53
Option Care Health Inc's quick ratio has shown fluctuations over the past few years, ranging from 0.20 to 0.67. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets. A quick ratio below 1 indicates that the company may have difficulty meeting its short-term obligations.
The quick ratio improved steadily from March 31, 2020, to June 30, 2022, reaching a peak of 0.54 on December 31, 2022. However, there was a slight decline in the quick ratio to 0.36 by March 31, 2024. Despite this decrease, the quick ratio remained above 1, indicating that Option Care Health Inc has sufficient liquid assets to cover its short-term liabilities.
Overall, Option Care Health Inc's quick ratio trend suggests that the company has maintained a relatively strong liquidity position, which is crucial for meeting its short-term financial obligations.
Peer comparison
Dec 31, 2024