Healthcare Services Group Inc (HCSG)
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 | 571,696 | 533,363 | 549,086 | 510,087 | 508,632 | 512,693 | 521,852 | 524,827 | 546,382 | 566,064 | 590,492 | 572,190 | 572,403 | 537,519 | 523,541 | 520,556 | 515,732 | 531,912 | 509,003 | 525,006 |
| Total current liabilities | US$ in thousands | 216,928 | 187,774 | 189,664 | 162,164 | 189,014 | 181,822 | 183,929 | 174,304 | 191,125 | 153,854 | 176,623 | 146,907 | 162,260 | 134,296 | 169,495 | 186,284 | 148,651 | 160,009 | 151,391 | 175,482 |
| Current ratio | 2.64 | 2.84 | 2.90 | 3.15 | 2.69 | 2.82 | 2.84 | 3.01 | 2.86 | 3.68 | 3.34 | 3.89 | 3.53 | 4.00 | 3.09 | 2.79 | 3.47 | 3.32 | 3.36 | 2.99 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $571,696K ÷ $216,928K
= 2.64
The current ratio of Healthcare Services Group, Inc. has displayed a fluctuating trend over the past eight quarters. The company's current ratio ranged from 2.64 to 3.15 during this period, indicating its ability to cover short-term obligations with its current assets.
In Q1 2023, the current ratio was at its peak of 3.15, suggesting a strong liquidity position and indicating the company's solid ability to meet its short-term liabilities. Conversely, in Q4 2023, the current ratio declined to 2.64, although it remained above 2, indicating that the company still had sufficient current assets to cover its current liabilities.
Overall, Healthcare Services Group, Inc. has maintained a current ratio above 2 for most quarters, which generally signifies good financial health and indicates the company's capacity to meet its short-term obligations without facing liquidity issues. However, it is essential to monitor any significant changes in the current ratio to assess the company's evolving liquidity position effectively.