ArcBest Corp (ARCB)

Current ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Total current assets	US$ in thousands	884,783	989,783	776,053	758,168	664,402
Total current liabilities	US$ in thousands	701,563	768,470	702,694	506,547	444,277
Current ratio		1.26	1.29	1.10	1.50	1.50

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $884,783K ÷ $701,563K
= 1.26

The current ratio for ArcBest Corp has fluctuated over the past five years, ranging from 1.10 to 1.50. The current ratio measures the company's ability to cover its short-term liabilities with its short-term assets.

In 2023, the current ratio stands at 1.26, showing a slight decrease compared to the previous year's ratio of 1.29. This indicates that the company may have a slightly decreased ability to meet its short-term obligations with its current assets in the most recent period.

However, it is important to note that a current ratio above 1 generally suggests that the company has enough current assets to cover its current liabilities. ArcBest Corp has consistently maintained a current ratio above 1 in the past five years, indicating a healthy liquidity position overall.

The downward trend observed in the current ratio over the past two years (2022 and 2023) could potentially signal a need for closer monitoring of the company's liquidity position to ensure it can meet its short-term obligations in an efficient manner.

Overall, while the current ratio for ArcBest Corp has shown some fluctuations, it remains at a level that generally indicates the company's ability to meet its short-term obligations with its current assets.