The Ensign Group Inc (ENSG)
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 | 1,046,930 | 994,347 | 927,635 | 830,497 | 781,125 | 726,848 | 682,682 | 633,111 | 639,709 | 668,118 | 567,104 | 513,316 | 582,956 | 526,627 | 547,306 | 433,321 | 411,081 | 393,201 | 375,546 | 357,729 |
| Total current liabilities | US$ in thousands | 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 | 343,173 | 354,629 | 327,348 | 311,443 |
| Current ratio | 1.42 | 1.48 | 1.50 | 1.42 | 1.34 | 1.28 | 1.28 | 1.23 | 1.22 | 1.38 | 1.23 | 1.16 | 1.04 | 1.00 | 0.94 | 1.31 | 1.20 | 1.11 | 1.15 | 1.15 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,046,930K ÷ $734,747K
= 1.42
The current ratio of Ensign Group Inc has shown a generally improving trend over the past eight quarters. The ratio increased from 1.23 in Q1 2022 to 1.50 in Q2 2023 before slightly declining to 1.42 in Q4 2023. This indicates that the company's liquidity position has strengthened over time, with the ability to cover its short-term obligations with its current assets.
A current ratio above 1.0 is generally considered healthy, suggesting that the company has more current assets than current liabilities to meet its short-term obligations. Ensign Group's current ratios have consistently been above 1.0, reflecting its ability to manage short-term liquidity needs effectively.
The slight decrease in the current ratio from Q2 2023 to Q4 2023 may indicate a slight decrease in liquidity or an increase in short-term obligations. It would be prudent to further analyze the components of current assets and liabilities to better understand the company's short-term financial position.
Overall, Ensign Group Inc's current ratio trend indicates strong liquidity levels and the ability to meet its short-term financial obligations, which is a positive sign for the company's financial health.
Peer comparison
Dec 31, 2023