US Physicalrapy Inc (USPH)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 233,375 | 111,266 | 95,166 | 87,636 | 85,386 |
| Total current liabilities | US$ in thousands | 102,185 | 85,489 | 83,481 | 93,492 | 60,563 |
| Current ratio | 2.28 | 1.30 | 1.14 | 0.94 | 1.41 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $233,375K ÷ $102,185K
= 2.28
The current ratio of U.S. Physical Therapy, Inc. has displayed significant fluctuations over the past five years.
In 2023, the current ratio stands at 2.28, indicating that the company's current assets are 2.28 times greater than its current liabilities. This denotes a strong liquidity position for the company, suggesting a healthy ability to meet its short-term obligations.
This represents a substantial improvement compared to the previous years. In 2022, the current ratio was 1.30, signifying a lower liquidity position, with current assets covering current liabilities only 1.3 times. The company experienced even lower liquidity in 2021 and 2020 with current ratios of 1.14 and 0.94, respectively, indicating potential challenges in meeting short-term obligations during those periods.
However, in 2019, U.S. Physical Therapy, Inc. had a current ratio of 1.41, reflecting a better liquidity position compared to 2021 and 2020 but still lower than the current ratio in 2023.
Overall, the trend in the current ratio of U.S. Physical Therapy, Inc. shows fluctuations, with a notable improvement in 2023. The company's ability to cover its short-term obligations has strengthened significantly, suggesting better liquidity management.
Peer comparison
Dec 31, 2023