Concentra Group Holdings Parent, Inc. (CON)
Current ratio
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Jun 30, 2023 | Mar 31, 2023 | ||
|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 409,957 | 320,306 | 327,539 | 294,418 | — | 37,657 |
| Total current liabilities | US$ in thousands | 269,521 | 265,153 | 275,629 | 274,634 | — | — |
| Current ratio | 1.52 | 1.21 | 1.19 | 1.07 | — | — |
September 30, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $409,957K ÷ $269,521K
= 1.52
The current ratio of Concentra Group Holdings Parent, Inc. has shown fluctuations over the past few quarters. As of September 30, 2024, the current ratio stands at 1.52, indicating that the company had $1.52 in current assets for every $1 in current liabilities.
Compared to the previous quarters, there has been an improvement in liquidity since June 30, 2024, where the current ratio was 1.21. This suggests that Concentra Group Holdings Parent, Inc. has increased its current assets relative to its current liabilities, enhancing its ability to meet short-term obligations.
However, it is important to note that the current ratio was higher in the previous quarter (1.19 as of March 31, 2024), indicating a slight decline in liquidity from that period. Looking further back, the current ratio was notably lower at 1.07 as of December 31, 2023.
Overall, while the current ratio of Concentra Group Holdings Parent, Inc. has been fluctuating, the most recent data indicates an improvement in liquidity position, which is a positive indicator for the company’s ability to cover its short-term obligations.
Peer comparison
Sep 30, 2024