ArcBest Corp (ARCB)

Cash 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
Cash and cash equivalents	US$ in thousands	262,226	251,503	187,286	203,319	158,264	155,531	127,058	64,108	76,620	408,207	362,619	301,542	303,954	267,645	406,290	352,165	201,909	183,838	181,731	138,399
Short-term investments	US$ in thousands	67,842	89,326	153,116	162,487	167,662	145,758	76,802	37,024	48,339	60,289	59,967	59,316	65,408	83,411	167,719	178,810	116,579	124,257	117,657	116,225
Total current liabilities	US$ in thousands	701,563	668,374	641,266	688,043	768,470	757,372	748,169	740,111	702,694	615,676	560,260	500,742	506,547	497,516	439,652	422,853	444,277	465,725	471,474	431,835
Cash ratio		0.47	0.51	0.53	0.53	0.42	0.40	0.27	0.14	0.18	0.76	0.75	0.72	0.73	0.71	1.31	1.26	0.72	0.66	0.64	0.59

December 31, 2023 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($262,226K + $67,842K) ÷ $701,563K
= 0.47

The cash ratio measures a company's ability to cover its short-term liabilities with its cash and cash equivalents. A higher cash ratio indicates a stronger ability to pay off current obligations.

Looking at the cash ratio trend for ArcBest Corp over the past eight quarters, we observe fluctuating values. The highest cash ratio was 0.66 in Q2 2023, indicating an improved liquidity position during that period. In contrast, the lowest ratio of 0.22 was recorded in Q1 2022, suggesting a relatively weaker ability to meet short-term obligations with available cash.

Overall, ArcBest Corp's cash ratio has varied over the quarters, which may reflect changes in the company's cash management practices, operating efficiency, or economic conditions impacting its liquidity position. It is essential for investors and stakeholders to continue monitoring the company's cash ratio to assess its financial health and ability to meet immediate financial obligations.