Healthcare Services Group Inc (HCSG)
Quick 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 | 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 |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Quick 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
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($56,776K
+ $50,535K
+ $—K)
÷ $192,547K
= 0.56
The quick ratio of Healthcare Services Group Inc has shown some fluctuations over the evaluated period. The quick ratio, which measures the company's ability to meet its short-term obligations with its most liquid assets, has generally ranged between 0.53 and 1.70.
From March 31, 2020, to June 30, 2021, the quick ratio showed an increasing trend from 0.83 to 1.42, indicating an improvement in the company's liquidity position. However, from September 30, 2021, to March 31, 2024, the quick ratio began to decline gradually, reaching a low of 0.53 on September 30, 2024.
A quick ratio below 1 may suggest potential issues in meeting short-term obligations with liquid assets alone. Investors and creditors may analyze this trend closely, as a consistently low quick ratio may signal liquidity challenges for Healthcare Services Group Inc. Further investigation into the company's financial health and operating efficiency may be warranted to understand the reasons behind the fluctuations in the quick ratio.