The Ensign Group Inc (ENSG)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,157,630 | 1,196,930 | 1,115,080 | 1,088,190 | 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 |
| 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 |
| Current ratio | 1.56 | 1.56 | 1.53 | 1.53 | 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 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,157,630K ÷ $743,428K
= 1.56
The Ensign Group Inc's current ratio has exhibited varied fluctuations over the quarters within the provided timeframe. It started at 1.31 as of March 31, 2020, demonstrating a relatively healthy liquidity position. However, in the subsequent quarter, the ratio decreased to 0.94, which may raise concerns regarding short-term liquidity.
The company made improvements in its current ratio over the following quarters, reaching 1.42 by March 31, 2023. This suggests an enhanced ability to cover its short-term obligations with current assets.
Although the ratio slightly declined in the following quarters, hovering around 1.50, the company maintained a generally stable liquidity position. Importantly, a current ratio above 1 indicates that The Ensign Group Inc has ample current assets to cover its current liabilities, reflecting a healthier financial position in terms of short-term liquidity throughout the analyzed timeframe.
Peer comparison
Dec 31, 2024