CH Robinson Worldwide Inc (CHRW)

Cash 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 and cash equivalents	US$ in thousands	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	447,858	384,424	355,307	445,473
Short-term investments	US$ in thousands	—	—	—	—	—	—	—	—	—	—	1,906,170	1,868,190	1,879,930	1,873,360	—	—	—	—	—	—
Total current liabilities	US$ in thousands	2,051,990	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	1,556,040	1,434,140	1,496,340	1,429,660
Cash ratio		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	0.29	0.27	0.24	0.31

December 31, 2023 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($145,524K + $—K) ÷ $2,051,990K
= 0.07

The cash ratio of C.H. Robinson Worldwide, Inc. has shown some fluctuations over the past eight quarters. The ratio measures the proportion of a company's current assets held in cash to cover its current liabilities.

In Q4 2023, the cash ratio was 0.24, indicating that the company had $0.24 in cash for every $1 of current liabilities. Compared to the previous three quarters (Q3 to Q1 2023), the cash ratio steadily increased from 0.20 to 0.24, reflecting an improvement in the company's liquidity position.

Looking further back, in Q4 2022, the cash ratio stood at 0.18, showing an upward trend over the last year. However, in Q2 2022, the ratio peaked at 0.25 before declining slightly to 0.19 in Q3 2022. This fluctuation may suggest varying levels of cash availability or management of cash resources during this period.

Overall, the cash ratio of C.H. Robinson Worldwide, Inc. has demonstrated some variability but has generally shown an upward trend in recent quarters, indicating an improved ability to cover its current liabilities with cash on hand.