Select Medical Holdings (SEM)
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 | 1,257,650 | 1,276,090 | 1,304,480 | 1,313,730 | 1,271,310 | 1,217,250 | 1,221,050 | 1,250,850 | 1,139,440 | 1,779,340 | 1,868,170 | 1,835,310 | 1,594,000 | 1,624,130 | 1,363,330 | 998,030 | 1,212,990 | 1,050,290 | 1,028,060 | 1,052,880 |
| 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 |
| Current ratio | 1.01 | 1.09 | 1.10 | 1.11 | 1.10 | 1.02 | 0.98 | 1.05 | 0.90 | 1.34 | 1.33 | 1.19 | 1.11 | 1.21 | 1.09 | 1.18 | 1.33 | 1.21 | 1.21 | 1.19 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,257,650K ÷ $1,248,460K
= 1.01
The current ratio of Select Medical Holdings Corporation has been fluctuating over the past eight quarters. In Q4 2023, the current ratio stood at 1.01, indicating that the company had just enough current assets to cover its current liabilities. This ratio improved from the previous quarter but was lower than the ratios seen in Q2 and Q3 2023.
The current ratio peaked at 1.11 in Q1 2023, showing a relatively strong position in terms of liquidity, with a higher proportion of current assets compared to current liabilities. However, the ratio dipped slightly in the following quarters.
Overall, the trend in the current ratio of Select Medical Holdings Corporation suggests some variability in its liquidity position, with fluctuations seen across different quarters. Further analysis of the company's liquidity management and operating cycle may help in understanding the drivers behind these fluctuations.
Peer comparison
Dec 31, 2023