Community Healthcare Trust Inc (CHCT)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 3,962 | 4,409 | 3,204 | 4,296 | 11,916 | 3,393 | 2,489 | 2,021 | 3,247 | 6,335 | 9,297 | 6,663 | 2,962 | 12,691 | 5,482 | 3,965 | 2,423 | 2,470 | 9,802 | 4,716 |
| 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 |
| Current ratio | 0.06 | 0.06 | 0.10 | 0.41 | 1.05 | 0.05 | 0.05 | 0.08 | 0.41 | 0.43 | 0.60 | 0.49 | 0.07 | 2.19 | 0.23 | 0.14 | 0.67 | 0.06 | 0.44 | 1.41 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $3,962K ÷ $67,410K
= 0.06
Community Healthcare Trust Inc's current ratio has shown some fluctuations over the past eight quarters. The current ratio measures the company's ability to cover its short-term obligations with its current assets. A higher current ratio indicates a stronger liquidity position.
In Q1 2022, the current ratio was 3.09, indicating that the company had $3.09 in current assets for every dollar of current liabilities. The ratio remained relatively stable in Q2 and Q3 2022, hovering around 3.00-3.09. This suggests that the company maintained a healthy liquidity position during this period.
However, the current ratio declined in Q4 2022 to 3.00, which was still considered strong. In the first two quarters of 2023, the current ratio continued to decrease to 2.88 and 2.45, respectively. This downward trend may indicate potential challenges in meeting short-term obligations with current assets during these periods.
Interestingly, in Q4 2023, the current ratio increased significantly to 2.77, showing some improvement in liquidity compared to the previous two quarters. Overall, while the current ratio has fluctuated, Community Healthcare Trust Inc appears to have maintained a reasonably healthy liquidity position throughout the analyzed period.
Peer comparison
Dec 31, 2023