Chemed Corp (CHE)
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 | 500,843 | 394,539 | 337,160 | 262,221 | 272,612 | 198,869 | 203,146 | 184,751 | 230,286 | 200,564 | 269,086 | 346,974 | 329,403 | 270,596 | 189,307 | 198,815 | 190,671 | 167,795 | 180,178 | 159,155 |
| Total current liabilities | US$ in thousands | 312,050 | 297,219 | 302,487 | 283,460 | 297,205 | 298,150 | 285,068 | 279,651 | 302,399 | 286,086 | 267,402 | 290,215 | 299,108 | 329,163 | 318,516 | 246,737 | 262,220 | 251,501 | 223,669 | 217,100 |
| Current ratio | 1.61 | 1.33 | 1.11 | 0.93 | 0.92 | 0.67 | 0.71 | 0.66 | 0.76 | 0.70 | 1.01 | 1.20 | 1.10 | 0.82 | 0.59 | 0.81 | 0.73 | 0.67 | 0.81 | 0.73 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $500,843K ÷ $312,050K
= 1.61
The current ratio of Chemed Corp. has shown a general upward trend over the past eight quarters, starting at 0.66 in Q1 2022 and reaching 1.61 in Q4 2023. This indicates an improvement in the company's short-term liquidity position and its ability to meet its current obligations using its current assets.
The current ratio was consistently below 1 in the first three quarters of 2022 and Q1 2023, indicating potential liquidity issues. However, the ratio started to improve in Q2 2023 and has been above 1 since then, suggesting a healthier liquidity position.
Overall, the increasing trend in the current ratio of Chemed Corp. shows that the company has been managing its current assets and liabilities effectively, which is a positive sign for its financial stability in the short term.
Peer comparison
Dec 31, 2023