CH Robinson Worldwide Inc (CHRW)

Current ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Total current assets	US$ in thousands	2,880,690	3,589,240	4,804,150	2,941,700	2,640,120
Total current liabilities	US$ in thousands	2,051,990	3,322,850	3,326,340	1,839,730	1,556,040
Current ratio		1.40	1.08	1.44	1.60	1.70

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $2,880,690K ÷ $2,051,990K
= 1.40

The current ratio of C.H. Robinson Worldwide, Inc. has exhibited fluctuations over the past five years. In 2023, the current ratio stands at 1.40, indicating that the company has $1.40 in current assets for every $1 in current liabilities. This represents an improvement compared to 2022, where the current ratio was 1.08, suggesting potential liquidity challenges.

The current ratio was highest in 2019 at 1.70, signifying a stronger liquidity position, which has gradually declined over the years. In 2021, the ratio was 1.44, showing a slight decrease compared to 2020 when it was 1.60. The downward trend observed in 2022 followed by an increase in 2023 indicates potential variations in the company's ability to meet its short-term obligations.

Overall, while the current ratio of C.H. Robinson Worldwide, Inc. has fluctuated, it is essential to assess this metric in conjunction with other liquidity ratios and consider the company's industry and operating cycle to gain a comprehensive understanding of its liquidity position.