HCA Holdings Inc (HCA)
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 | 14,927,000 | 14,294,000 | 13,888,000 | 13,541,000 | 13,643,000 | 13,481,000 | 13,937,000 | 15,006,000 | 13,542,000 | 13,248,000 | 12,475,000 | 12,036,000 | 12,333,000 | 16,266,000 | 14,031,000 | 11,016,000 | 11,196,000 | 10,769,000 | 12,869,000 | 11,108,000 |
| 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 |
| Current ratio | 1.18 | 1.15 | 1.20 | 1.23 | 1.38 | 1.38 | 1.55 | 1.43 | 1.41 | 1.38 | 1.45 | 1.39 | 1.42 | 1.13 | 1.09 | 1.57 | 1.44 | 1.51 | 1.44 | 1.05 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $14,927,000K ÷ $12,655,000K
= 1.18
HCA Healthcare Inc's current ratio has shown a fluctuating trend over the past eight quarters. The current ratio measures the company's ability to meet its short-term debt obligations with its current assets. In Q4 2023, the current ratio was 1.18, indicating that the company had $1.18 in current assets for every $1 in current liabilities. This was a slight increase from the previous quarter's ratio of 1.15.
Looking back over the past year, the current ratio has generally been above 1, indicating that the company has had sufficient current assets to cover its short-term liabilities. However, the ratio has been trending downwards since Q1 2022 when it was at its highest point of 1.55.
While a current ratio above 1 generally indicates a healthy financial position, the decreasing trend over the past few quarters may suggest that the company's current liabilities are growing at a faster rate than its current assets. This could potentially lead to liquidity issues in the future if not managed effectively. Further analysis of the components of current assets and liabilities would provide more insights into the company's liquidity position and its ability to meet its short-term financial obligations.
Peer comparison
Dec 31, 2023