Universal Health Services Inc (UHS)
Cash ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 119,439 | 102,818 | 115,301 | 1,224,490 | 61,268 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 2,013,350 | 1,914,420 | 1,984,110 | 2,481,040 | 1,563,390 |
| Cash ratio | 0.06 | 0.05 | 0.06 | 0.49 | 0.04 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($119,439K
+ $—K)
÷ $2,013,350K
= 0.06
The cash ratio of Universal Health Services, Inc. has fluctuated over the past five years. In 2023, the cash ratio was 0.18, indicating that the company had $0.18 of cash and cash equivalents for every $1 of current liabilities. This represents an improvement compared to 2022 and 2021 where the cash ratio was 0.16. However, the cash ratio in 2020 was notably higher at 0.55, suggesting a stronger ability to cover short-term liabilities with cash on hand. The cash ratio in 2019 was the lowest in the five-year period at 0.12, indicating a relatively weaker liquidity position that year.
Overall, the trend in the cash ratio shows some variability, with the company experiencing fluctuations in its liquidity position. It is important for Universal Health Services, Inc. to closely monitor its cash levels and manage liquidity to ensure it can meet its short-term obligations effectively.
Peer comparison
Dec 31, 2023