Healthcare Services Group Inc (HCSG)

Cash 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 and cash equivalents US$ in thousands 56,776 27,055 29,547 53,983 54,330 31,313 28,662 16,153 26,279 19,633 31,681 32,899 70,794 79,582 124,587 123,654 139,330 109,920 78,109 64,498
Short-term investments US$ in thousands 50,535 76,776 101,156 75,618 93,131 90,004 93,185 95,985 95,200 93,748 97,488 107,171 114,396 125,583 125,843 125,773 125,012 94,042 92,318 90,497
Total current liabilities US$ in thousands 192,547 197,204 209,483 209,375 216,928 187,774 189,664 162,164 178,619 181,822 183,929 174,304 191,125 153,856 176,623 146,907 162,260 134,296 169,495 186,284
Cash ratio 0.56 0.53 0.62 0.62 0.68 0.65 0.64 0.69 0.68 0.62 0.70 0.80 0.97 1.33 1.42 1.70 1.63 1.52 1.01 0.83

December 31, 2024 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($56,776K + $50,535K) ÷ $192,547K
= 0.56

The cash ratio of Healthcare Services Group Inc has fluctuated over the years as per the provided data. It measures the company's ability to cover its short-term liabilities with its cash and cash equivalents. A higher cash ratio indicates a stronger ability to cover short-term obligations.

The trend in Healthcare Services Group's cash ratio shows that it increased from March 31, 2020, to March 31, 2021, reaching its peak at 1.70. Subsequently, there was a gradual decline in the ratio until December 31, 2022. The ratio dropped below 1 after December 31, 2021, indicating that the company may not have enough cash to cover its short-term liabilities entirely.

From March 31, 2023, to December 31, 2024, the cash ratio fluctuated within a range of 0.53 to 0.69. This suggests that the company's ability to cover its short-term obligations with cash and cash equivalents varied during this period. Overall, the cash ratio of Healthcare Services Group Inc shows some volatility, and it is important for investors and stakeholders to closely monitor this ratio to assess the company's liquidity position.