The Ensign Group Inc (ENSG)
Cash ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 464,598 | 532,066 | 477,336 | 511,839 | 509,626 | 467,870 | 419,974 | 326,969 | 316,270 | 308,864 | 285,580 | 248,546 | 262,201 | 304,620 | 198,411 | 155,527 | 236,562 | 175,380 | 201,738 | 63,217 |
| Short-term investments | US$ in thousands | 62,255 | 38,969 | 24,126 | 14,459 | 17,229 | 16,433 | 20,018 | 20,101 | 15,441 | 12,233 | 8,991 | 12,093 | 13,763 | 12,844 | 10,573 | 14,623 | 13,449 | 17,577 | 16,357 | 15,021 |
| Total current liabilities | US$ in thousands | 743,428 | 768,940 | 730,769 | 709,721 | 734,747 | 671,797 | 618,989 | 585,277 | 582,072 | 567,040 | 531,924 | 513,558 | 523,068 | 483,109 | 460,986 | 443,020 | 562,399 | 525,202 | 581,038 | 330,143 |
| Cash ratio | 0.71 | 0.74 | 0.69 | 0.74 | 0.72 | 0.72 | 0.71 | 0.59 | 0.57 | 0.57 | 0.55 | 0.51 | 0.53 | 0.66 | 0.45 | 0.38 | 0.44 | 0.37 | 0.38 | 0.24 |
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 demonstrated a positive trend from March 31, 2020, to December 31, 2024. The ratio indicates the company's ability to cover its short-term obligations with its cash and cash equivalents.
Initially, the cash ratio was at 0.24 on March 31, 2020, but it saw gradual improvements over subsequent periods, reaching 0.71 on December 31, 2024. This shows that the company has been accumulating more liquid assets relative to its current liabilities.
The improvements in the cash ratio suggest that The Ensign Group Inc has enhanced its liquidity position over the years. A higher cash ratio typically indicates a stronger ability to meet financial obligations quickly, which is a positive sign for the company's financial health and stability.
Peer comparison
Dec 31, 2024