National HealthCare Corporation (NHC)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 424,408 | 406,235 | 353,932 | 426,638 | 456,755 |
| Total current liabilities | US$ in thousands | 234,797 | 214,476 | 197,887 | 263,201 | 281,228 |
| Current ratio | 1.81 | 1.89 | 1.79 | 1.62 | 1.62 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $424,408K ÷ $234,797K
= 1.81
The current ratio of National HealthCare Corporation has shown a consistent improvement over the years, starting at 1.62 in December 2020 and maintaining this level in December 2021. Subsequently, the ratio increased to 1.79 in December 2022, further rising to 1.89 in December 2023, indicating a strengthening liquidity position. However, there was a slight decrease to 1.81 in December 2024. Overall, the current ratio demonstrates the company's ability to meet its short-term obligations with its current assets, with the improvement indicating a potentially healthier financial position.
Peer comparison
Dec 31, 2024