The Ensign Group Inc (ENSG)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 464,598 | 509,626 | 316,270 | 262,201 | 236,562 |
| Short-term investments | US$ in thousands | 62,255 | 17,229 | 15,441 | 13,763 | 13,449 |
| Total current liabilities | US$ in thousands | 743,428 | 734,747 | 582,072 | 523,068 | 562,399 |
| Cash ratio | 0.71 | 0.72 | 0.57 | 0.53 | 0.44 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($464,598K
+ $62,255K)
÷ $743,428K
= 0.71
The cash ratio of The Ensign Group Inc has shown a consistent upward trend from 0.44 in December 31, 2020, to 0.71 in December 31, 2024. This indicates a positive liquidity position as the company has been able to increase its cash reserves relative to its current liabilities over the years. The cash ratio of 0.71 as of December 31, 2024, implies that the company has $0.71 in cash and cash equivalents for every dollar of current liabilities, highlighting a strong ability to cover its short-term obligations with available cash resources. Overall, the increasing trend in the cash ratio reflects a healthy liquidity position for The Ensign Group Inc, which may provide a cushion against unforeseen financial challenges or capital expenditure requirements.
Peer comparison
Dec 31, 2024