National HealthCare Corporation (NHC)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 76,121 | 84,807 | 136,214 | 93,982 | 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 |
| Short-term investments | US$ in thousands | 140,064 | 164,754 | 133,805 | 123,524 | 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 |
| Receivables | US$ in thousands | 135,837 | 129,360 | 110,100 | 126,151 | 109,048 | 102,603 | 101,260 | 103,134 | 100,288 | 99,003 | 100,415 | 101,748 | 96,577 | 99,918 | 98,693 | 103,096 | 90,598 | 85,848 | 87,248 | 102,196 |
| 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 |
| Quick ratio | 1.50 | 1.53 | 1.75 | 1.66 | 1.55 | 1.53 | 1.49 | 1.46 | 1.43 | 1.31 | 1.43 | 1.42 | 1.34 | 1.38 | 1.45 | 1.59 | 1.47 | 1.54 | 1.37 | 1.29 |
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 fluctuating trend over the past few years, ranging from 1.29 to 1.75. This ratio measures the company's ability to meet its short-term obligations with its most liquid assets.
The quick ratio has generally been above 1, indicating that the company has had an adequate level of liquid assets to cover its short-term liabilities. Higher quick ratios suggest a stronger ability to cover short-term obligations without relying on selling inventory.
However, there was some variability in the quick ratio over the periods analyzed, which could be attributed to changes in the company's liquidity position, such as fluctuations in cash flows, receivables, or inventory levels.
Overall, the quick ratio provides insights into the company's short-term liquidity position and its ability to manage its current liabilities effectively. It is important for investors and stakeholders to monitor this ratio to assess the company's financial health and risk of default in the short term.
Peer comparison
Dec 31, 2024