HCA Holdings Inc (HCA)
Quick 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 | 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 |
| Receivables | US$ in thousands | 9,958,000 | 9,182,000 | 8,713,000 | 8,657,000 | 8,891,000 | 8,552,000 | 8,628,000 | 8,520,000 | 8,095,000 | 8,433,000 | 7,636,000 | 7,424,000 | 7,051,000 | 6,433,000 | 6,139,000 | 6,890,000 | 7,380,000 | 7,131,000 | 7,219,000 | 7,420,000 |
| 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 |
| Quick ratio | 0.87 | 0.82 | 0.84 | 0.90 | 1.03 | 0.99 | 1.07 | 1.04 | 1.01 | 1.03 | 1.06 | 1.02 | 1.03 | 0.93 | 0.84 | 1.09 | 1.05 | 1.09 | 1.09 | 0.76 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($935,000K
+ $87,000K
+ $9,958,000K)
÷ $12,655,000K
= 0.87
The quick ratio of HCA Healthcare Inc has shown a fluctuating trend over the past eight quarters. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets. A quick ratio of 1 or higher is generally considered satisfactory, indicating the company has enough liquid assets to cover its current liabilities.
In Q4 2023, the quick ratio was 1.02, showing a slight improvement from the previous quarter's ratio of 0.99. However, compared to the same quarter in the prior year (Q4 2022), where the quick ratio was 1.17, there has been a decline.
The quick ratio fluctuated between 1.03 and 1.04 in the first two quarters of 2023 before starting to decrease gradually. The ratio peaked at 1.32 in Q2 2022, representing a high liquidity position, which has since declined.
Overall, HCA Healthcare Inc's quick ratio has shown variability but has generally remained above the threshold of 1, indicating a reasonable ability to meet short-term obligations with its quick assets. It may be beneficial for the company to continue monitoring and managing its liquidity to ensure it remains at a satisfactory level.
Peer comparison
Dec 31, 2023