National HealthCare Corporation (NHC)
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 | 424,408 | 445,726 | 447,871 | 417,586 | 406,235 | 382,578 | 368,734 | 337,903 | 353,932 | 344,529 | 394,781 | 384,020 | 426,638 | 424,829 | 465,907 | 464,618 | 456,755 | 422,228 | 390,204 | 306,682 |
| Total current liabilities | US$ in thousands | 234,797 | 247,946 | 216,935 | 206,429 | 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 |
| Current ratio | 1.81 | 1.80 | 2.06 | 2.02 | 1.89 | 1.87 | 1.86 | 1.84 | 1.79 | 1.64 | 1.76 | 1.77 | 1.62 | 1.65 | 1.71 | 1.75 | 1.62 | 1.63 | 1.49 | 1.41 |
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 been fluctuating over the past few years, ranging from 1.41 to 2.06. Generally, a current ratio above 1 indicates that the company has more current assets than current liabilities, which suggests good liquidity and the ability to meet short-term obligations.
The trend of the current ratio shows an improvement from 1.41 in March 2020 to 2.06 in June 2024, indicating a strengthening liquidity position over this period. However, there were fluctuations in between, with some slight decreases observed in certain quarters.
The most recent current ratio of 1.81 as of December 31, 2024, is still above 1, indicating the company's continued ability to cover its short-term liabilities with current assets. Overall, the current ratio trend for National HealthCare Corporation demonstrates a generally healthy liquidity position, which is crucial for financial stability and operational flexibility.
Peer comparison
Dec 31, 2024