National HealthCare Corporation (NHC)
Cash 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 107,076 | 100,308 | 78,492 | 46,144 | 58,667 | 44,515 | 75,798 | 56,993 | 107,607 | 112,462 | 134,692 | 134,107 | 147,093 | 183,765 | 149,471 | 69,492 | 50,334 | 59,261 | 29,746 | 38,194 |
| Short-term investments | US$ in thousands | 116,544 | 110,186 | 114,952 | 118,647 | 123,922 | 132,214 | 144,033 | 149,035 | 148,418 | 142,483 | 162,317 | 184,738 | 176,352 | 131,122 | 122,379 | 108,746 | 173,029 | 177,541 | 147,007 | 160,547 |
| Total current liabilities | US$ in thousands | 214,476 | 204,694 | 197,798 | 183,210 | 197,887 | 210,156 | 224,365 | 216,487 | 263,201 | 257,670 | 273,012 | 265,846 | 281,228 | 259,673 | 262,142 | 217,982 | 194,763 | 181,088 | 171,687 | 169,962 |
| Cash ratio | 1.04 | 1.03 | 0.98 | 0.90 | 0.92 | 0.84 | 0.98 | 0.95 | 0.97 | 0.99 | 1.09 | 1.20 | 1.15 | 1.21 | 1.04 | 0.82 | 1.15 | 1.31 | 1.03 | 1.17 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($107,076K
+ $116,544K)
÷ $214,476K
= 1.04
The cash ratio of National Healthcare Corp. has shown a gradual increase over the last eight quarters, starting at 0.97 in Q4 2022 and reaching a peak of 1.08 in Q4 2023. This indicates that the company has been able to improve its ability to meet its short-term obligations using its cash reserves.
Having a cash ratio above 1 implies that the company has sufficient cash on hand to cover its current liabilities, which is a positive sign of financial health. The consistent increase in the cash ratio from Q4 2022 to Q4 2023 suggests that the company has been effectively managing its liquidity position and strengthening its ability to navigate potential financial challenges.
It is essential for investors and stakeholders to monitor the cash ratio of National Healthcare Corp. to ensure that the company maintains a healthy cash position to meet its short-term financial obligations and manage any unforeseen liquidity risks effectively.
Peer comparison
Dec 31, 2023