Concentra Group Holdings Parent, Inc. (CON)
Current ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | ||
|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 437,207 | 409,957 | 320,306 | 327,539 |
| Total current liabilities | US$ in thousands | 307,186 | 269,521 | 265,153 | 275,629 |
| Current ratio | 1.42 | 1.52 | 1.21 | 1.19 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $437,207K ÷ $307,186K
= 1.42
The current ratio of Concentra Group Holdings Parent, Inc. has shown a fluctuating trend over the past year. As of March 31, 2024, the current ratio stood at 1.19, indicating that the company's current assets were slightly lower than its current liabilities. However, by June 30, 2024, the current ratio improved to 1.21, suggesting a slight enhancement in the company's ability to meet its short-term obligations.
In the following quarter, as of September 30, 2024, the current ratio increased significantly to 1.52, signaling a more favorable position in terms of liquidity and the ability to cover current liabilities with current assets. Despite this improvement, the current ratio experienced a slight dip by December 31, 2024, to 1.42, although it still remained above 1, indicating that the company's short-term obligations could still be met by its current assets.
Overall, while the current ratio of Concentra Group Holdings Parent, Inc. has shown some variability throughout the year, it generally indicates a reasonable ability to cover short-term liabilities with current assets, with the most recent ratio of 1.42 as of December 31, 2024, still suggesting a healthy liquidity position.
Peer comparison
Dec 31, 2024