US Physicalrapy Inc (USPH)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 233,375 | 228,499 | 241,799 | 117,794 | 111,266 | 112,892 | 121,846 | 95,843 | 95,166 | 79,424 | 79,699 | 75,798 | 87,636 | 82,644 | 92,139 | 148,672 | 85,386 | 92,534 | 107,009 | 81,156 |
| Total current liabilities | US$ in thousands | 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 | 60,563 | 62,798 | 57,020 | 68,930 |
| Current ratio | 2.28 | 2.77 | 2.82 | 1.30 | 1.30 | 1.39 | 1.43 | 1.08 | 1.14 | 0.97 | 1.06 | 0.83 | 0.94 | 0.89 | 1.05 | 2.09 | 1.41 | 1.47 | 1.88 | 1.18 |
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. shows a fluctuating trend over the past eight quarters. The company started the year 2022 with a current ratio of 1.08, indicating a relatively weak liquidity position. However, there was a significant improvement in the second quarter of 2022, with the current ratio increasing to 1.43. The trend continued to improve in the following quarters, reaching a peak of 2.82 in the second quarter of 2023.
Despite the improvement in the current ratio, it experienced a slight decline in the most recent quarter, Q4 2023, to 2.28. Overall, the company has shown an ability to manage its short-term obligations more effectively compared to the beginning of the observation period.
A current ratio above 1 indicates that the company has more current assets than current liabilities, suggesting that U.S. Physical Therapy, Inc. is capable of covering its short-term obligations. Investors and creditors generally prefer a current ratio above 1 as it indicates a healthier financial position. However, the company should monitor its current ratio closely to ensure it maintains a sufficient level of liquidity to meet its short-term obligations.
Peer comparison
Dec 31, 2023