Concentra Group Holdings Parent, Inc. (CON)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Total current assets | US$ in thousands | 294,418 | 284,627 | — |
| Total current liabilities | US$ in thousands | 274,634 | 279,626 | — |
| Current ratio | 1.07 | 1.02 | — |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $294,418K ÷ $274,634K
= 1.07
The current ratio of Concentra Group Holdings Parent, Inc. has shown a slight improvement over the past two years. As of December 31, 2023, the current ratio stands at 1.07, compared to 1.02 on December 31, 2022. This indicates that the company's current assets are 1.07 times its current liabilities, suggesting that it has an adequate level of short-term liquidity to meet its obligations as they come due. However, it is important to note that the current ratio for December 31, 2021, is not available in the data provided, making it difficult to assess the trend over a longer period. Overall, the improving current ratio from 2022 to 2023 is a positive sign of the company's ability to cover its short-term liabilities with its current assets.
Peer comparison
Dec 31, 2023