Concentra Group Holdings Parent, Inc. (CON)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 183,255 | 31,374 | 37,657 | — |
| Short-term investments | US$ in thousands | — | — | — | — |
| Total current liabilities | US$ in thousands | 307,186 | 274,634 | 279,626 | — |
| Cash ratio | 0.60 | 0.11 | 0.13 | — |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($183,255K
+ $—K)
÷ $307,186K
= 0.60
The cash ratio for Concentra Group Holdings Parent, Inc. has shown some fluctuations over the past few years. As of December 31, 2022, the cash ratio was 0.13, indicating that the company had $0.13 in cash and cash equivalents for every $1 of current liabilities. This ratio decreased to 0.11 as of December 31, 2023, suggesting a slight decrease in the company's liquidity position.
However, there was a significant improvement in the cash ratio by December 31, 2024, where it reached 0.60. This indicates that the company had $0.60 in cash and cash equivalents for every $1 of current liabilities, reflecting a stronger cash position compared to the previous years.
In summary, the cash ratio for Concentra Group Holdings Parent, Inc. has varied over the years, with an improvement in liquidity by the end of 2024, which could potentially signify better financial health and ability to meet short-term obligations.
Peer comparison
Dec 31, 2024