Encompass Health Corp (EHC)
Current ratio
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 841,800 | 813,700 | 824,000 | 761,700 | 717,200 | 733,800 | 1,032,400 | 949,700 | 921,400 | 909,800 | 859,300 | 1,001,100 | 948,600 | 1,174,400 | 1,101,700 | 784,500 | 755,800 | 1,077,400 | 844,900 | 682,700 |
| Total current liabilities | US$ in thousands | 656,400 | 639,200 | 655,000 | 592,100 | 575,900 | 604,700 | 835,400 | 754,500 | 748,800 | 793,900 | 804,500 | 812,200 | 717,300 | 682,500 | 664,400 | 586,200 | 721,000 | 1,108,600 | 752,900 | 768,200 |
| Current ratio | 1.28 | 1.27 | 1.26 | 1.29 | 1.25 | 1.21 | 1.24 | 1.26 | 1.23 | 1.15 | 1.07 | 1.23 | 1.32 | 1.72 | 1.66 | 1.34 | 1.05 | 0.97 | 1.12 | 0.89 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $841,800K ÷ $656,400K
= 1.28
The current ratio of Encompass Health Corp has been relatively stable over the past eight quarters, ranging from 1.21 to 1.29. The ratios indicate that the company has generally had more current assets available to cover its current liabilities. A current ratio above 1 typically suggests that the company is able to meet its short-term obligations.
In the most recent quarter, the current ratio was 1.28, showing a slight improvement compared to the previous quarter. This indicates that Encompass Health Corp had more current assets relative to its current liabilities in Q4 2023. Overall, the company's current ratio seems to be at a healthy level, providing some comfort regarding its short-term liquidity position.
Peer comparison
Dec 31, 2023