Universal Health Services Inc (UHS)
Cash 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 and cash equivalents | US$ in thousands | 119,439 | 80,768 | 79,451 | 109,969 | 102,818 | 74,571 | 132,658 | 105,999 | 115,301 | 189,743 | 199,017 | 764,502 | 1,224,490 | 1,101,230 | 539,622 | 54,619 | 61,268 | 58,905 | 61,297 | 62,726 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 2,013,350 | 1,989,820 | 2,035,350 | 1,863,380 | 1,914,420 | 1,939,200 | 1,991,700 | 2,146,220 | 1,984,110 | 1,968,820 | 1,968,810 | 2,239,380 | 2,481,040 | 2,634,220 | 2,259,170 | 1,689,950 | 1,563,390 | 1,621,770 | 1,544,270 | 1,656,770 |
| Cash ratio | 0.06 | 0.04 | 0.04 | 0.06 | 0.05 | 0.04 | 0.07 | 0.05 | 0.06 | 0.10 | 0.10 | 0.34 | 0.49 | 0.42 | 0.24 | 0.03 | 0.04 | 0.04 | 0.04 | 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 shown some fluctuation over the past eight quarters. The ratio was at its highest in Q2 2022 at 0.20 and lowest in Q3 2023 at 0.15. The cash ratio measures the company's ability to cover its short-term liabilities with its most liquid assets, specifically cash and cash equivalents. A higher cash ratio indicates a stronger ability to cover short-term obligations, while a lower ratio may indicate potential liquidity issues. Universal Health Services, Inc. has generally maintained a reasonable cash ratio above 0.15, which suggests a decent level of liquidity in meeting its short-term liabilities. It is important for the company to monitor and manage its cash position effectively to ensure continued financial stability.
Peer comparison
Dec 31, 2023