US Physicalrapy Inc (USPH)
Cash ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 41,362 | 116,959 | 112,911 | 132,290 | 152,825 | 147,685 | 160,738 | 32,605 | 31,594 | 37,914 | 48,572 | 24,229 | 28,567 | 19,188 | 20,419 | 17,937 | 32,918 | 30,129 | 43,555 | 89,551 |
| Short-term investments | US$ in thousands | — | — | — | 2,979 | 2,663 | 3,500 | 3,500 | 2,614 | 2,858 | 1,948 | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 116,283 | 115,300 | 107,099 | 102,536 | 102,185 | 82,356 | 85,816 | 90,833 | 85,489 | 81,488 | 85,105 | 89,020 | 83,481 | 81,668 | 75,379 | 90,825 | 93,492 | 93,200 | 87,353 | 71,149 |
| Cash ratio | 0.36 | 1.01 | 1.05 | 1.32 | 1.52 | 1.84 | 1.91 | 0.39 | 0.40 | 0.49 | 0.57 | 0.27 | 0.34 | 0.23 | 0.27 | 0.20 | 0.35 | 0.32 | 0.50 | 1.26 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($41,362K
+ $—K)
÷ $116,283K
= 0.36
The cash ratio of US Physicalrapy Inc has fluctuated over the years based on the provided data. In March 2020, the cash ratio was 1.26, indicating that the company had $1.26 in cash and cash equivalents for every dollar of current liabilities.
Subsequently, there was a significant decrease in the cash ratio to 0.50 in June 2020, followed by further declines in September 2020 (0.32) and December 2020 (0.35). These lower ratios suggest a lower level of liquidity and potential difficulty in meeting short-term liabilities with available cash on hand.
In the following quarters, the cash ratio continued to fluctuate, with some slight improvements seen in March 2021 (0.20) and June 2021 (0.27). However, the ratio remained below 1, indicating a potential liquidity concern.
The trend changed starting from September 2021, with the cash ratio improving to 0.23 and further increasing in the subsequent periods, reaching a peak of 1.91 in June 2023. These higher ratios suggest that the company had significantly more cash and cash equivalents relative to its current liabilities during this period, signifying improved liquidity.
From December 2023 to December 2024, the cash ratio gradually decreased from 1.52 to 0.36. While the ratios remained above 1 for several quarters, indicating a comfortable level of liquidity, the decreasing trend towards the end of the period may raise concerns about the company's ability to cover short-term obligations with its existing cash holdings.
In conclusion, the analysis of US Physicalrapy Inc's cash ratio highlights fluctuations in liquidity over the analyzed period. It is essential for the company to maintain a balance between cash reserves and operational needs to ensure financial stability and meet short-term obligations effectively.
Peer comparison
Dec 31, 2024