National HealthCare Corporation (NHC)
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 | 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 | 341,053 | 351,190 | 321,577 | 327,113 |
| 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 |
| Current ratio | 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 | 1.75 | 1.94 | 1.87 | 1.92 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $406,235K ÷ $214,476K
= 1.89
The current ratio of National Healthcare Corp. has been demonstrating a generally positive trend over the past eight quarters, increasing from 1.64 in Q3 2022 to 1.89 in Q4 2023. This indicates that the company's current assets have been consistently increasing relative to its current liabilities, reflecting a healthy liquidity position. The average current ratio for this period is 1.80, with the most recent value of 1.89 indicating that the company has a strong ability to meet its short-term obligations using its current assets. Overall, the trend in the current ratio suggests that National Healthcare Corp. has maintained a sound financial position in terms of liquidity management.
Peer comparison
Dec 31, 2023