CH Robinson Worldwide Inc (CHRW)

Current 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
Total current assets	US$ in thousands	2,880,690	2,959,240	3,051,480	3,234,650	3,589,240	4,433,370	5,168,260	5,279,230	4,804,150	4,430,660	3,722,560	3,410,110	2,941,700	2,852,700	2,603,930	2,606,640	2,640,120	2,683,170	2,706,570	2,728,350
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
Current ratio		1.40	1.12	1.11	1.10	1.08	1.32	1.48	1.49	1.44	1.36	1.44	1.48	1.60	1.62	1.56	1.44	1.70	1.87	1.81	1.91

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 shown fluctuations over the past eight quarters. The ratio measures the company's ability to meet its short-term obligations with its current assets.

In Q4 2023, the current ratio stood at 1.40, indicating that the company had $1.40 in current assets for every $1 in current liabilities. This was an improvement compared to the previous quarter and the highest level among the data provided.

Despite the positive trend in Q4 2023, the company experienced some variability in its current ratio over the last two years. In Q3 2022, the ratio was notably high at 1.48, followed by a decline in Q4 2022 to 1.08. The subsequent quarters saw fluctuations around the 1.10 to 1.32 range before the recent improvement in Q4 2023.

Overall, while the current ratio of C.H. Robinson Worldwide, Inc. has not been consistent, the latest data suggests an improvement in the company's short-term liquidity position. It would be essential for stakeholders to continue monitoring this ratio to ensure the company's ability to meet its short-term financial obligations effectively.