The Ensign Group Inc (ENSG)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,157,630 | 1,046,930 | 781,125 | 639,709 | 582,956 |
| Total current liabilities | US$ in thousands | 743,428 | 734,747 | 582,072 | 523,068 | 562,399 |
| Current ratio | 1.56 | 1.42 | 1.34 | 1.22 | 1.04 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,157,630K ÷ $743,428K
= 1.56
The current ratio of The Ensign Group Inc has shown a positive trend over the past five years, increasing from 1.04 in December 31, 2020, to 1.56 in December 31, 2024. This indicates that the company's current assets have been consistently improving in relation to its current liabilities, providing a stronger buffer to meet its short-term obligations. A current ratio above 1 suggests that the company has sufficient current assets to cover its current liabilities. The increasing trend in the current ratio reflects improved liquidity and financial stability for The Ensign Group Inc over the years, which is a positive sign for its financial health.
Peer comparison
Dec 31, 2024