Healthcare Services Group Inc (HCSG)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 556,652 | 578,118 | 573,212 | 580,414 | 571,696 | 533,363 | 549,086 | 510,087 | 508,632 | 512,693 | 521,852 | 524,827 | 546,382 | 566,066 | 590,492 | 572,190 | 572,403 | 537,519 | 523,541 | 520,556 |
| 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 |
| Current ratio | 2.89 | 2.93 | 2.74 | 2.77 | 2.64 | 2.84 | 2.90 | 3.15 | 2.85 | 2.82 | 2.84 | 3.01 | 2.86 | 3.68 | 3.34 | 3.89 | 3.53 | 4.00 | 3.09 | 2.79 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $556,652K ÷ $192,547K
= 2.89
The current ratio of Healthcare Services Group Inc has shown fluctuating trends over the past few years, ranging from a low of 2.74 on June 30, 2024, to a high of 4.00 on September 30, 2020. Generally, the company's current ratio has been above 2.0 which indicates that it has a strong ability to meet its short-term obligations with its current assets. However, the ratio has not remained consistently above 3.0, which may raise some concerns about the company's liquidity position.
The current ratio peaked at 4.00 on September 30, 2020, which suggests that Healthcare Services Group Inc had a significant amount of current assets relative to its current liabilities at that time. Subsequently, the ratio has fluctuated between 2.74 and 3.89, with some quarters showing stronger liquidity positions than others.
Overall, while the company has generally maintained a current ratio above 2.0, investors and stakeholders may want to monitor the trend closely, especially in periods where the ratio dips below 3.0, to assess any potential liquidity challenges that Healthcare Services Group Inc may face in meeting its short-term obligations.