National HealthCare Corporation (NHC)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 76,121 | 107,076 | 58,667 | 107,607 | 147,093 |
| Short-term investments | US$ in thousands | 140,064 | 116,544 | 123,922 | 148,418 | 176,352 |
| Receivables | US$ in thousands | 135,837 | 109,048 | 100,288 | 96,577 | 90,598 |
| Total current liabilities | US$ in thousands | 234,797 | 214,476 | 197,887 | 263,201 | 281,228 |
| Quick ratio | 1.50 | 1.55 | 1.43 | 1.34 | 1.47 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($76,121K
+ $140,064K
+ $135,837K)
÷ $234,797K
= 1.50
The quick ratio of National HealthCare Corporation has shown a generally stable trend over the past five years, ranging from 1.34 to 1.55. This indicates that the company has maintained a strong ability to meet its short-term obligations with its most liquid assets. The ratio consistently remains above the acceptable benchmark of 1.0, suggesting a healthy financial position and liquidity for the company. However, it is important to monitor any fluctuations in the quick ratio to ensure continued financial strength and ability to meet short-term obligations effectively.
Peer comparison
Dec 31, 2024