R1 RCM Inc (RCM)
Current ratio
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | ||
|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 633,300 | 639,400 | 584,900 | 545,600 | 564,500 | 541,100 | 570,700 |
| Total current liabilities | US$ in thousands | 346,200 | 337,700 | 100,400 | 91,700 | 349,700 | 346,000 | 365,000 |
| Current ratio | 1.83 | 1.89 | 5.83 | 5.95 | 1.61 | 1.56 | 1.56 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $633,300K ÷ $346,200K
= 1.83
The current ratio of R1 RCM Inc. has been fluctuating over the past eight quarters, ranging from 1.54 to 1.89. Generally, a current ratio above 1 indicates that the company has more current assets than current liabilities, which is considered a positive sign of liquidity.
The current ratio reached its highest level of 1.89 in Q3 2023, suggesting strong short-term financial health. However, in the most recent quarter (Q4 2023), the current ratio decreased to 1.83, indicating a slight decline in liquidity compared to the previous quarter.
Overall, the company has maintained a current ratio above 1 for the entire period analyzed, indicating a consistent ability to meet its short-term obligations. It would be important to continue monitoring this ratio to ensure that the company's liquidity position remains stable and adequate for future financial needs.
Peer comparison
Dec 31, 2023