CH Robinson Worldwide Inc (CHRW)

Current ratio

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Total current assets	US$ in thousands	2,969,600	2,880,690	3,589,240	4,804,150	2,941,700
Total current liabilities	US$ in thousands	2,324,900	2,051,990	3,322,850	3,326,340	1,839,730
Current ratio		1.28	1.40	1.08	1.44	1.60

December 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $2,969,600K ÷ $2,324,900K
= 1.28

Based on the provided data, CH Robinson Worldwide Inc's current ratio has shown some fluctuations over the past five years. The current ratio measures the company's ability to pay its short-term obligations with its current assets.

In 2020, the current ratio was 1.60, indicating that the company had $1.60 in current assets for every $1 in current liabilities. This suggests a strong liquidity position. However, by the end of 2022, the current ratio declined to 1.08, signaling a potential strain on the company's ability to cover its short-term obligations.

Subsequently, in 2023, the current ratio improved to 1.40, indicating a better ability to meet its short-term liabilities. However, the ratio decreased again to 1.28 by the end of 2024, although it remained above 1, indicating a positive liquidity position.

Overall, while there have been fluctuations in CH Robinson Worldwide Inc's current ratio over the past five years, the company has generally maintained a ratio above 1, suggesting that it has had sufficient current assets to cover its short-term liabilities. However, it is essential for the company to closely monitor and manage its liquidity position to ensure continued financial stability.