CH Robinson Worldwide Inc (CHRW)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 145,762 | 145,524 | 217,482 | 257,413 | 243,796 |
| Short-term investments | US$ in thousands | — | — | — | — | 1,879,930 |
| Receivables | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 2,324,900 | 2,051,990 | 3,322,850 | 3,326,340 | 1,839,730 |
| Quick ratio | 0.06 | 0.07 | 0.07 | 0.08 | 1.15 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($145,762K
+ $—K
+ $—K)
÷ $2,324,900K
= 0.06
The quick ratio of CH Robinson Worldwide Inc has shown a concerning trend over the past few years. Starting at a healthy level of 1.15 in December 2020, the quick ratio has steadily decreased, reaching 0.06 by December 31, 2024.
A quick ratio below 1 indicates that the company may have difficulty meeting its short-term obligations with its most liquid assets. This downward trend could raise concerns about the company's liquidity position and ability to cover immediate liabilities without relying on selling inventory.
It is essential for CH Robinson Worldwide Inc to carefully monitor its liquidity management and take actions to improve its quick ratio to ensure financial stability in the future.
Peer comparison
Dec 31, 2024