Select Medical Holdings (SEM)
Cash 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 84,006 | 77,440 | 101,167 | 83,703 | 97,906 | 108,223 | 94,669 | 130,881 | 74,310 | 747,983 | 803,493 | 750,274 | 577,061 | 639,800 | 509,737 | 73,163 | 335,882 | 135,963 | 124,036 | 147,815 |
| Short-term investments | US$ in thousands | 58,962 | 85,896 | 83,938 | 72,127 | 74,857 | 63,192 | 39,488 | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 1,248,460 | 1,166,060 | 1,188,210 | 1,185,710 | 1,155,150 | 1,196,740 | 1,241,740 | 1,189,150 | 1,273,080 | 1,326,370 | 1,409,030 | 1,540,250 | 1,438,370 | 1,345,490 | 1,255,970 | 843,954 | 914,280 | 869,787 | 852,692 | 884,937 |
| Cash ratio | 0.11 | 0.14 | 0.16 | 0.13 | 0.15 | 0.14 | 0.11 | 0.11 | 0.06 | 0.56 | 0.57 | 0.49 | 0.40 | 0.48 | 0.41 | 0.09 | 0.37 | 0.16 | 0.15 | 0.17 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($84,006K
+ $58,962K)
÷ $1,248,460K
= 0.11
The cash ratio of Select Medical Holdings Corporation has shown some fluctuations over the past eight quarters, ranging from 0.24 to 0.29. The cash ratio measures the company's ability to cover its short-term liabilities with its available cash and cash equivalents. A higher cash ratio indicates a stronger ability to meet short-term obligations without relying on external sources.
In this case, the cash ratio has generally been within a narrow band, indicating that Select Medical Holdings Corporation has maintained a consistent level of liquidity over the period analyzed. The slight fluctuations in the cash ratio may be due to changes in the company's cash position, operating cash flows, or short-term liabilities.
Overall, a cash ratio above 0.20 is generally considered healthy, as it suggests the company has sufficient cash reserves to cover its short-term liabilities. Therefore, Select Medical Holdings Corporation's cash ratio levels indicate a reasonable level of liquidity over the past eight quarters.
Peer comparison
Dec 31, 2023