Option Care Health Inc (OPCH)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 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 | 67,056 | 52,789 | 14,390 | 5,703 |
| Short-term investments | US$ in thousands | — | 8,927 | 8,740 | 9,939 | — | 8,544 | 4,853 | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 466,758 | 382,957 | 396,501 | 395,209 | 479,042 | 364,187 | 362,772 | 366,285 | 418,342 | 355,650 | 338,206 | 323,890 | 407,340 | 320,920 | 320,222 | 337,197 | 393,116 | 336,303 | 118,081 | 120,824 |
| 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 |
| Quick ratio | 1.31 | 1.25 | 1.27 | 1.14 | 1.37 | 1.07 | 1.03 | 1.01 | 1.17 | 1.15 | 1.08 | 1.03 | 1.17 | 1.06 | 1.11 | 1.09 | 1.39 | 1.22 | 1.14 | 1.09 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($343,849K
+ $—K
+ $466,758K)
÷ $618,309K
= 1.31
The quick ratio of Option Care Health Inc. over the past eight quarters has exhibited some fluctuations but generally remained at a comfortable level. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets.
Examining the trend, we see that the quick ratio ranged from a low of 1.16 in Q2 2022 to a high of 1.40 in Q2 2023. Typically, a quick ratio of 1 or higher is considered healthy, indicating that the company has enough liquid assets to cover its current liabilities.
The quick ratio has shown some volatility, with minor fluctuations from quarter to quarter. However, the overall trend indicates that Option Care Health Inc. has maintained a solid liquidity position throughout the analyzed period. This suggests that the company is well-positioned to meet its short-term financial obligations without having to rely heavily on selling inventory or other less liquid assets.
Peer comparison
Dec 31, 2023