Select Medical Holdings (SEM)
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 | 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 | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Quick 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
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($59,694K
+ $0K
+ $—K)
÷ $977,651K
= 0.06
The quick ratio of Select Medical Holdings has shown fluctuations over the past few years, starting at a low of 0.09 as of March 31, 2020, increasing to 0.57 by June 30, 2021, and then generally hovering between 0.11 and 0.16 leading up to December 31, 2024. This ratio indicates the company's ability to meet its short-term obligations with its most liquid assets.
During the period under review, the quick ratio generally stayed above 1, implying that Select Medical Holdings had enough liquid assets to cover its current liabilities. However, there were instances where the quick ratio fell below 1, such as the low of 0.06 on December 31, 2021 and December 31, 2024, which may suggest potential liquidity challenges in those specific periods.
Overall, the trend in the quick ratio indicates variations in the company's liquidity position over time, highlighting the importance of monitoring the availability of liquid assets relative to short-term liabilities to ensure financial stability and operational continuity.
Peer comparison
Dec 31, 2024