Universal Health Services Inc (UHS)
Quick ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 119,439 | 102,818 | 115,301 | 1,224,490 | 61,268 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Receivables | US$ in thousands | 2,238,260 | 2,017,720 | 1,746,640 | 1,728,930 | 1,560,850 |
| Total current liabilities | US$ in thousands | 2,013,350 | 1,914,420 | 1,984,110 | 2,481,040 | 1,563,390 |
| Quick ratio | 1.17 | 1.11 | 0.94 | 1.19 | 1.04 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($119,439K
+ $—K
+ $2,238,260K)
÷ $2,013,350K
= 1.17
The quick ratio of Universal Health Services, Inc. has shown a fluctuating trend over the past five years, ranging from 1.04 to 1.29. A quick ratio above 1 indicates that the company has an adequate level of liquid assets to cover its current liabilities.
In 2023, the quick ratio improved to 1.29 from 1.21 in 2022, suggesting an increase in the company's ability to meet its short-term obligations using its highly liquid assets. This indicates a positive liquidity position for the company in the most recent fiscal year.
However, it's important to note that while the quick ratio has generally been above 1, indicating a relatively healthy liquidity position, the fluctuations over the years may signal changes in the company's ability to quickly convert assets into cash to meet its short-term financial obligations.
Further analysis, considering other liquidity ratios and the overall financial health of the company, would provide a more comprehensive understanding of Universal Health Services, Inc.'s liquidity position.
Peer comparison
Dec 31, 2023