CH Robinson Worldwide Inc (CHRW)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 145,762 | 145,524 | 217,482 | 257,413 | 243,796 |
| Short-term investments | US$ in thousands | — | — | — | — | 1,879,930 |
| Total current liabilities | US$ in thousands | 2,324,900 | 2,051,990 | 3,322,850 | 3,326,340 | 1,839,730 |
| Cash ratio | 0.06 | 0.07 | 0.07 | 0.08 | 1.15 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($145,762K
+ $—K)
÷ $2,324,900K
= 0.06
The cash ratio of CH Robinson Worldwide Inc has shown a declining trend over the years. As of December 31, 2020, the company's cash ratio was 1.15, indicating that it had $1.15 in cash and cash equivalents for every dollar of current liabilities. However, by December 31, 2024, the cash ratio had decreased to 0.06, suggesting a significant decrease in the company's ability to cover its short-term obligations with its available cash resources. This decreasing trend in the cash ratio may raise concerns about the company's liquidity position and its ability to meet its short-term financial obligations efficiently. Further analysis of the company's cash management practices and liquidity position may be necessary to understand the reasons behind this decline in the cash ratio.
Peer comparison
Dec 31, 2024