Concentra Group Holdings Parent, Inc. (CON)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|---|
| Cash | US$ in thousands | 183,255 | 31,374 | 37,657 | — |
| Short-term investments | US$ in thousands | — | — | — | — |
| Receivables | US$ in thousands | 217,719 | — | — | — |
| Total current liabilities | US$ in thousands | 307,186 | 274,634 | 279,626 | — |
| Quick ratio | 1.31 | 0.11 | 0.13 | — |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($183,255K
+ $—K
+ $217,719K)
÷ $307,186K
= 1.31
The quick ratio, also known as the acid-test ratio, measures a company's ability to meet its short-term liabilities with its most liquid assets.
Concentra Group Holdings Parent, Inc.'s quick ratio has shown variability over the years:
- In December 31, 2022, the quick ratio was 0.13, indicating that the company had $0.13 in liquid assets available to cover each $1 of current liabilities. This suggests a potential liquidity concern as the company may struggle to meet its short-term obligations.
- By December 31, 2023, the quick ratio declined further to 0.11, signaling a continued decrease in the company's ability to quickly cover its current liabilities with liquid assets. This may raise concerns about the company's short-term solvency.
- However, there was a significant improvement in the quick ratio by December 31, 2024, with a ratio of 1.31. This indicates that the company had more than enough liquid assets to cover its short-term liabilities, reflecting a strong liquidity position at that point in time.
Overall, the fluctuation in Concentra Group Holdings Parent, Inc.'s quick ratio over the years suggests a varying ability to meet short-term obligations with liquid assets. It is important for stakeholders to monitor this ratio closely to assess the company's liquidity position and financial health.
Peer comparison
Dec 31, 2024