Concentra Group Holdings Parent, Inc. (CON)
Quick ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | ||
|---|---|---|---|---|---|
| Cash | US$ in thousands | 183,255 | 136,822 | 50,669 | 49,552 |
| Short-term investments | US$ in thousands | — | — | — | — |
| Receivables | US$ in thousands | 217,719 | 232,202 | 228,964 | — |
| Total current liabilities | US$ in thousands | 307,186 | 269,521 | 265,153 | 275,629 |
| Quick ratio | 1.31 | 1.37 | 1.05 | 0.18 |
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 of Concentra Group Holdings Parent, Inc. has shown varying levels over the past year. As of March 31, 2024, the quick ratio was notably low at 0.18, indicating a potential liquidity concern as the company may struggle to meet its short-term obligations with its quick assets alone. However, there was a significant improvement by June 30, 2024, with the quick ratio increasing to 1.05, suggesting a healthier liquidity position.
Subsequently, the quick ratio continued to strengthen, reaching 1.37 by September 30, 2024, and 1.31 by December 31, 2024. These figures indicate that the company's ability to cover its current liabilities with its quick assets improved significantly during the latter half of the year. Overall, the trend shows a positive trajectory towards better liquidity management, potentially enhancing the company's ability to meet its short-term financial obligations comfortably.
Peer comparison
Dec 31, 2024