Select Medical Holdings (SEM)
Cash 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 and cash equivalents | US$ in thousands | 59,694 | 191,468 | 111,160 | 92,620 | 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 |
| Short-term investments | US$ in thousands | 0 | 0 | 22,426 | 42,660 | 58,962 | 85,896 | 83,938 | 72,127 | 74,857 | 63,192 | 39,488 | 15,745 | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 977,651 | 1,245,700 | 1,257,000 | 1,184,380 | 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 |
| Cash ratio | 0.06 | 0.15 | 0.11 | 0.11 | 0.11 | 0.14 | 0.16 | 0.13 | 0.15 | 0.14 | 0.11 | 0.12 | 0.06 | 0.56 | 0.57 | 0.49 | 0.40 | 0.48 | 0.41 | 0.09 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($59,694K
+ $0K)
÷ $977,651K
= 0.06
The cash ratio of Select Medical Holdings has shown fluctuations over the analyzed periods, ranging from a low of 0.06 to a high of 0.57. The cash ratio measures a company's ability to cover its short-term liabilities with its cash and cash equivalents. A higher cash ratio indicates a stronger ability to cover short-term obligations.
The trend in the cash ratio over the analyzed periods shows an overall increase from the beginning to the middle of the period, peaking at 0.57 on June 30, 2021. However, the ratio declined in the later periods, reaching a low of 0.06 on December 31, 2021, before fluctuating in a narrow range.
The significant decrease in the cash ratio towards the end of 2021 may indicate a potential liquidity strain or a decrease in the company's cash reserves during that period. It is important for stakeholders to monitor the cash ratio closely to assess the company's liquidity position and its ability to meet short-term obligations as they fall due.
Peer comparison
Dec 31, 2024