HCA Holdings Inc (HCA)
Cash 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 935,000 | 891,000 | 862,000 | 842,000 | 908,000 | 999,000 | 858,000 | 2,371,000 | 1,451,000 | 1,027,000 | 1,120,000 | 1,030,000 | 1,793,000 | 6,588,000 | 4,638,000 | 731,000 | 621,000 | 559,000 | 2,430,000 | 531,000 |
| Short-term investments | US$ in thousands | 87,000 | 103,000 | 99,000 | 390,000 | 381,000 | 121,000 | 114,000 | — | 103,000 | 418,000 | 410,000 | 393,000 | 116,000 | 390,000 | — | — | 147,000 | 96,000 | 113,000 | 90,000 |
| Total current liabilities | US$ in thousands | 12,655,000 | 12,407,000 | 11,545,000 | 11,028,000 | 9,902,000 | 9,784,000 | 8,999,000 | 10,518,000 | 9,582,000 | 9,624,000 | 8,615,000 | 8,642,000 | 8,704,000 | 14,379,000 | 12,856,000 | 7,019,000 | 7,757,000 | 7,124,000 | 8,961,000 | 10,531,000 |
| Cash ratio | 0.08 | 0.08 | 0.08 | 0.11 | 0.13 | 0.11 | 0.11 | 0.23 | 0.16 | 0.15 | 0.18 | 0.16 | 0.22 | 0.49 | 0.36 | 0.10 | 0.10 | 0.09 | 0.28 | 0.06 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($935,000K
+ $87,000K)
÷ $12,655,000K
= 0.08
The cash ratio of HCA Healthcare Inc has shown a declining trend over the past eight quarters, decreasing from 0.43 in Q1 2022 to 0.23 in Q4 2023. This indicates that the company's ability to cover its short-term liabilities with its cash and cash equivalents has weakened over time.
A cash ratio of less than 1 suggests that the company may have difficulty meeting its short-term obligations solely from its available cash resources. HCA Healthcare Inc's cash ratio has consistently remained below 1, indicating a potential liquidity risk.
It is important for investors and stakeholders to monitor this trend closely as a declining cash ratio may signal financial distress or inefficiencies in managing the company's liquidity. Management should consider implementing strategies to improve the company's cash position and liquidity position to ensure its financial stability and sustainability in the long term.
Peer comparison
Dec 31, 2023