Concentra Group Holdings Parent, Inc. (CON)
Quick ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Cash | US$ in thousands | 31,374 | 37,657 | — |
| Short-term investments | US$ in thousands | — | — | — |
| Receivables | US$ in thousands | — | — | — |
| Total current liabilities | US$ in thousands | 274,634 | 279,626 | — |
| Quick ratio | 0.11 | 0.13 | — |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($31,374K
+ $—K
+ $—K)
÷ $274,634K
= 0.11
The quick ratio of Concentra Group Holdings Parent, Inc. has declined from 0.13 in 2022 to 0.11 in 2023. This indicates a decrease in the company's ability to meet its short-term obligations with its most liquid assets. The quick ratio of 0.11 in 2023 suggests that the company may have difficulty covering its current liabilities with its quick assets alone. It is important for the company to monitor its liquidity position closely and take appropriate measures to improve its ability to meet short-term obligations. Additionally, the lack of data for 2021 makes it challenging to assess the trend over a longer period, emphasizing the importance of consistent and comprehensive financial reporting for effective financial analysis.
Peer comparison
Dec 31, 2023