ArcBest Corp (ARCB)

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	884,783	890,136	865,190	917,030	989,783	998,028	935,557	860,579	776,053	953,126	843,531	768,719	758,168	730,240	902,043	869,531	664,402	657,988	651,450	606,542
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
Current ratio		1.26	1.33	1.35	1.33	1.29	1.32	1.25	1.16	1.10	1.55	1.51	1.54	1.50	1.47	2.05	2.06	1.50	1.41	1.38	1.40

December 31, 2023 calculation

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

ArcBest Corp's current ratio has fluctuated over the past eight quarters, ranging from a low of 1.16 in Q1 2022 to a high of 1.35 in Q2 2023. The current ratio measures the company's ability to meet its short-term obligations with its current assets, with a ratio above 1 indicating that the company has more current assets than current liabilities.

Overall, the current ratio has remained relatively stable, hovering around the 1.30 mark in recent quarters. This suggests that ArcBest Corp has generally maintained a healthy balance between its current assets and current liabilities, providing a cushion to cover its short-term financial obligations. However, the downward trend from Q2 2023 to Q4 2023 is worth monitoring, as it may indicate a potential decrease in liquidity or an increase in short-term liabilities relative to assets during this period. Further analysis of the components of current assets and liabilities would be necessary to fully understand the drivers behind these fluctuations in the current ratio.