The Ensign Group Inc (ENSG)
Quick 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 | 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 |
| Receivables | US$ in thousands | 569,897 | 554,091 | 547,121 | 519,439 | 485,039 | 472,123 | 446,025 | 444,181 | 408,432 | 353,956 | 339,001 | 339,886 | 328,731 | 313,858 | 313,663 | 312,578 | 305,062 | 294,151 | 302,061 | 329,518 |
| 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 |
| Quick ratio | 1.48 | 1.46 | 1.43 | 1.47 | 1.38 | 1.42 | 1.43 | 1.35 | 1.27 | 1.19 | 1.19 | 1.17 | 1.16 | 1.31 | 1.13 | 1.09 | 0.99 | 0.93 | 0.90 | 1.24 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($464,598K
+ $62,255K
+ $569,897K)
÷ $743,428K
= 1.48
The quick ratio of The Ensign Group Inc has shown fluctuations over the reported periods, ranging from a low of 0.90 in June 2020 to a high of 1.48 in December 2024. The quick ratio indicates the company's ability to meet its short-term obligations using its most liquid assets. A quick ratio above 1.0 generally suggests that the company has an adequate level of liquid assets to cover its current liabilities.
The trend in The Ensign Group Inc's quick ratio demonstrates an overall improvement from 2020 to 2024, with the ratio consistently above 1.0 since March 2021, indicating a strengthened liquidity position over the years. The company's ability to maintain a quick ratio above 1.0 signifies its capacity to meet short-term obligations without relying heavily on inventory or other less liquid assets.
Investors and creditors may view a consistent and healthy quick ratio as a positive indicator of the company's financial health and ability to manage short-term financial responsibilities effectively. However, it is essential to consider other financial metrics and industry benchmarks to gain a comprehensive understanding of The Ensign Group Inc's overall financial performance.
Peer comparison
Dec 31, 2024