Universal Health Services Inc (UHS)
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 | 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 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 2,238,260 | 2,234,340 | 2,103,480 | 2,032,180 | 2,017,720 | 1,902,470 | 1,835,240 | 1,754,880 | 1,746,640 | 1,764,210 | 1,787,930 | 1,668,650 | 1,728,930 | 1,540,750 | 1,438,700 | 1,486,830 | 1,560,850 | 1,544,080 | 1,601,350 | 1,602,400 |
| 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 |
| Quick ratio | 1.17 | 1.16 | 1.07 | 1.15 | 1.11 | 1.02 | 0.99 | 0.87 | 0.94 | 0.99 | 1.01 | 1.09 | 1.19 | 1.00 | 0.88 | 0.91 | 1.04 | 0.99 | 1.08 | 1.01 |
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 generally positive trend over the past eight quarters, indicating the company's ability to cover its short-term obligations with its most liquid assets. The quick ratio has ranged from 0.98 to 1.29 during this period, with the highest ratio being observed in Q4 2023. This suggests that the company has improved its liquidity position and is better positioned to meet its short-term financial obligations. It is important to note that a quick ratio above 1.0 typically indicates that a company has an appropriate level of liquid assets to cover its current liabilities. Overall, the increasing trend in the quick ratio reflects positively on Universal Health Services, Inc.'s financial health and ability to manage its short-term liquidity effectively.
Peer comparison
Dec 31, 2023