Concentra Group Holdings Parent, Inc. (CON)
Cash ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | ||
|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 183,255 | 136,822 | 50,669 | 49,552 |
| Short-term investments | US$ in thousands | — | — | — | — |
| Total current liabilities | US$ in thousands | 307,186 | 269,521 | 265,153 | 275,629 |
| Cash ratio | 0.60 | 0.51 | 0.19 | 0.18 |
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 of Concentra Group Holdings Parent, Inc. has shown a positive trend over the four quarters analyzed. Starting at 0.18 in March 31, 2024, the ratio increased to 0.19 by June 30, 2024, indicating a slight improvement in the company's ability to cover its short-term liabilities with its available cash.
However, a more significant increase was observed in the subsequent quarters, with the ratio rising to 0.51 by September 30, 2024, and further to 0.60 by December 31, 2024. These values suggest a considerable enhancement in the company's liquidity position, reflecting a greater ability to meet its obligations as they come due using cash and cash equivalents.
Overall, Concentra Group Holdings Parent, Inc. has demonstrated a strengthening liquidity position throughout the year, which could signify improved financial stability and resilience to short-term financial challenges.
Peer comparison
Dec 31, 2024