US Physicalrapy Inc (USPH)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 41,362 | 152,825 | 31,594 | 28,567 | 32,918 |
| Short-term investments | US$ in thousands | — | 2,663 | 2,858 | — | — |
| Receivables | US$ in thousands | 59,040 | 51,866 | 51,934 | 47,772 | 41,906 |
| Total current liabilities | US$ in thousands | 116,283 | 102,185 | 85,489 | 83,481 | 93,492 |
| Quick ratio | 0.86 | 2.03 | 1.01 | 0.91 | 0.80 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($41,362K
+ $—K
+ $59,040K)
÷ $116,283K
= 0.86
The quick ratio of US Physicaltherapy Inc has shown some fluctuation over the past five years. Starting at 0.80 in December 2020, the ratio increased to 0.91 in December 2021, further improved to 1.01 in December 2022, significantly rose to 2.03 in December 2023, and then slightly dropped to 0.86 by December 2024. The general trend indicates that the company's ability to meet its short-term financial obligations with its most liquid assets improved over the period, peaking in 2023 before experiencing a slight decline. While the ratio in 2023 suggests a strong liquidity position, the decrease in 2024 may warrant further analysis to understand the reasons behind the decline and its potential impact on the company's liquidity management.
Peer comparison
Dec 31, 2024