CH Robinson Worldwide Inc (CHRW)

Cash ratio

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Cash and cash equivalents	US$ in thousands	145,762	131,704	113,166	121,838	145,524	174,733	210,155	239,160	217,482	187,532	238,925	242,809	257,413	202,649	172,803	217,611	243,796	252,569	362,236	294,572
Short-term investments	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	1,906,170	1,868,190	1,879,930	1,873,360	—	—
Total current liabilities	US$ in thousands	2,324,900	2,240,840	2,244,210	2,274,290	2,051,990	2,649,540	2,761,490	2,947,870	3,322,850	3,358,880	3,485,750	3,541,200	3,326,340	3,251,690	2,586,380	2,300,910	1,839,730	1,760,980	1,673,380	1,804,720
Cash ratio		0.06	0.06	0.05	0.05	0.07	0.07	0.08	0.08	0.07	0.06	0.07	0.07	0.08	0.06	0.80	0.91	1.15	1.21	0.22	0.16

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 measures the company's ability to cover its short-term obligations with its cash and cash equivalents. Looking at the trend over the past few years, we can see fluctuations in the cash ratio.

As of December 31, 2024, the cash ratio stood at 0.06, indicating that the company had $0.06 in cash and cash equivalents for every $1 of current liabilities. This suggests a relatively weaker liquidity position compared to other periods.

It is worth noting that the cash ratio has been somewhat volatile, with fluctuations between 0.05 to 1.21 over the past few quarters. The significant decrease in the cash ratio in recent quarters may raise some concerns about the company's ability to meet its short-term obligations solely with its available cash.

Overall, the cash ratio analysis suggests that CH Robinson Worldwide Inc may need to closely monitor its liquidity position and consider strategies to improve its cash reserves to meet its short-term financial obligations effectively.