ArcBest Corp (ARCB)

Quick 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	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
Receivables	US$ in thousands	482,246	480,474	440,730	481,925	592,382	638,564	678,284	698,309	595,438	438,833	373,782	358,008	335,213	338,224	289,947	294,059	301,353	311,057	313,297	311,778
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
Quick ratio		1.16	1.23	1.22	1.23	1.19	1.24	1.18	1.08	1.03	1.47	1.42	1.44	1.39	1.39	1.97	1.95	1.40	1.33	1.30	1.31

December 31, 2023 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($262,226K + $67,842K + $482,246K) ÷ $701,563K
= 1.16

The quick ratio of ArcBest Corp has shown consistency and stability over the past eight quarters, ranging from 1.16 to 1.35. This indicates that the company has a strong ability to meet its short-term obligations using its most liquid assets, such as cash, cash equivalents, and accounts receivable. A quick ratio above 1.0 suggests the company is in a healthy financial position to cover its current liabilities.

Although there was a slight decrease in the quick ratio from Q3 2023 (1.33) to Q4 2023 (1.26), the ratio remains above 1.0, indicating sufficient liquidity. The overall trend suggests that ArcBest Corp has been effectively managing its short-term liquidity over the past two years. It is important for stakeholders to continue monitoring this ratio to ensure the company maintains its ability to meet its short-term obligations.