Community Healthcare Trust Inc (CHCT)
Cash 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 and cash equivalents | US$ in thousands | 3,491 | 3,885 | 2,627 | 3,666 | 11,233 | 2,656 | 1,699 | 1,178 | 2,351 | 1,641 | 4,787 | 5,605 | 2,483 | 12,158 | 4,896 | 3,326 | 1,730 | 1,724 | 9,031 | 3,868 |
| Short-term investments | US$ in thousands | — | 29,038 | 23,085 | 16,397 | 22,667 | 21,468 | 12,761 | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 67,410 | 68,193 | 31,240 | 10,478 | 11,377 | 68,892 | 49,186 | 26,754 | 7,845 | 14,690 | 15,371 | 13,526 | 41,339 | 5,800 | 23,497 | 29,297 | 3,606 | 40,254 | 22,395 | 3,351 |
| Cash ratio | 0.05 | 0.48 | 0.82 | 1.91 | 2.98 | 0.35 | 0.29 | 0.04 | 0.30 | 0.11 | 0.31 | 0.41 | 0.06 | 2.10 | 0.21 | 0.11 | 0.48 | 0.04 | 0.40 | 1.15 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($3,491K
+ $—K)
÷ $67,410K
= 0.05
Community Healthcare Trust Inc's cash ratio has shown fluctuations over the past eight quarters. In Q4 2023, the cash ratio decreased significantly to 0.06 compared to 0.29 in Q3 2023. This indicates a notable decline in the company's ability to cover its current liabilities with cash and cash equivalents.
The cash ratio was relatively stable around 0.33 in Q2 and Q1 of 2023, suggesting the company maintained a consistent level of cash reserves relative to its current liabilities during that period.
In Q4 2022, the cash ratio was 0.05, which was the lowest value in the dataset, signaling a potential liquidity challenge for the company at that time. However, there was a substantial improvement in Q3 2022, with the cash ratio increasing to 0.36, indicating a stronger ability to meet short-term obligations with available cash.
Overall, the fluctuating trend in the cash ratio of Community Healthcare Trust Inc suggests varying levels of liquidity and ability to handle immediate financial obligations during the period analyzed. Further analysis and consideration of other financial metrics would be necessary to gain a comprehensive understanding of the company's liquidity position.
Peer comparison
Dec 31, 2023