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.