Select Medical Holdings (SEM)
Quick 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 | 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 | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 940,335 | 944,219 | 964,680 | 997,274 | 941,312 | 909,030 | 921,623 | 941,434 | 889,303 | 898,823 | 931,179 | 959,715 | 896,763 | 842,615 | 749,245 | 816,405 | 762,677 | 798,805 | 791,769 | 779,861 |
| 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 |
| Quick ratio | 0.87 | 0.95 | 0.97 | 0.97 | 0.96 | 0.90 | 0.85 | 0.90 | 0.76 | 1.24 | 1.23 | 1.11 | 1.02 | 1.10 | 1.00 | 1.05 | 1.20 | 1.07 | 1.07 | 1.05 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($84,006K
+ $58,962K
+ $940,335K)
÷ $1,248,460K
= 0.87
Select Medical Holdings Corporation's quick ratio has shown some fluctuations over the past eight quarters. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets. A quick ratio above 1 indicates the company has enough liquid assets to cover its current liabilities.
In Q4 2023, the quick ratio was 1.01, which indicates that the company may have slightly less liquid assets available to cover its short-term obligations compared to the previous quarter. However, the quick ratio remained above 1, suggesting that Select Medical Holdings has a strong ability to meet its current liabilities with its quick assets.
Looking at the trend over the past two years, the quick ratio has generally been stable, staying above 1 for most quarters. This suggests that the company has maintained a healthy liquidity position and can easily cover its short-term obligations. The slight fluctuations in the quick ratio should be further analyzed to understand any underlying factors impacting the company's liquidity position.
Overall, the trend in Select Medical Holdings Corporation's quick ratio indicates a relatively stable and healthy liquidity position, which is important for meeting its short-term financial obligations.
Peer comparison
Dec 31, 2023