HCA Holdings Inc (HCA)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 14,927,000 | 13,643,000 | 13,542,000 | 12,333,000 | 11,196,000 |
| Total current liabilities | US$ in thousands | 12,655,000 | 9,902,000 | 9,582,000 | 8,704,000 | 7,757,000 |
| Current ratio | 1.18 | 1.38 | 1.41 | 1.42 | 1.44 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $14,927,000K ÷ $12,655,000K
= 1.18
The current ratio of HCA Healthcare Inc has shown a declining trend over the past five years. From 2019 to 2023, the current ratio decreased from 1.44 to 1.18. This indicates that the company's current assets may be decreasing relative to its current liabilities, which could potentially signal liquidity challenges in meeting short-term obligations. Although the current ratio is still above 1, suggesting that the company can cover its short-term liabilities with current assets, investors and creditors may closely monitor this trend for any potential liquidity risks in the future.
Peer comparison
Dec 31, 2023