US Physicalrapy Inc (USPH)
Quick 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 | 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 | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 59,040 | 57,022 | 54,659 | 55,363 | 51,866 | 52,958 | 54,285 | 56,647 | 51,934 | 49,747 | 50,549 | 49,335 | 47,772 | 46,456 | 45,144 | 45,394 | 41,906 | 39,439 | 36,029 | 42,649 |
| 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 |
| Quick ratio | 0.86 | 1.51 | 1.56 | 1.86 | 2.03 | 2.48 | 2.55 | 1.01 | 1.01 | 1.10 | 1.16 | 0.83 | 0.91 | 0.80 | 0.87 | 0.70 | 0.80 | 0.75 | 0.91 | 1.86 |
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 Physicalrapy Inc has fluctuated over the periods provided. The quick ratio measures the ability of a company to meet its short-term obligations with its most liquid assets. A quick ratio above 1 indicates that the company has enough liquid assets to cover its current liabilities.
From March 31, 2020, to December 31, 2020, the quick ratio declined from 1.86 to 0.80, indicating a potential deterioration in the company's ability to cover its short-term obligations. However, the ratio improved to 1.16 by June 30, 2022, suggesting better liquidity management.
The quick ratio peaked at 2.55 on June 30, 2023, reflecting a significant increase in the company's ability to meet its short-term obligations. This high ratio may indicate strong liquidity or possibly an overabundance of liquid assets.
By December 31, 2024, the quick ratio dropped to 0.86. This decrease may suggest a potential liquidity challenge as the company may not have sufficient liquid assets to cover its current liabilities at that point.
Overall, fluctuations in the quick ratio of US Physicalrapy Inc show varying levels of liquidity over the periods mentioned, with the highest ratio observed on June 30, 2023, indicating a strong liquidity position, and the lowest ratio seen on December 31, 2020, and December 31, 2024, potentially signaling liquidity difficulties.
Peer comparison
Dec 31, 2024