CH Robinson Worldwide Inc (CHRW)
Quick ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 145,762 | 131,704 | 113,166 | 121,838 | 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 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 1,906,170 | 1,868,190 | 1,879,930 | 1,873,360 | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 2,324,900 | 2,240,840 | 2,244,210 | 2,274,290 | 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 |
| Quick ratio | 0.06 | 0.06 | 0.05 | 0.05 | 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 |
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 fluctuations over the periods analyzed. The quick ratio is a measure of a company's ability to meet its short-term obligations without relying on the sale of inventory, and it is calculated by dividing quick assets by current liabilities.
From March 31, 2020, to September 30, 2020, the quick ratio increased significantly from 0.16 to 1.21, indicating a strong ability to cover short-term liabilities with quick assets. However, the ratio decreased in the following periods, reaching a low of 0.05 by March 31, 2024. This downward trend suggests potential challenges in meeting short-term obligations with readily available assets.
It is important to note that a quick ratio below 1 may indicate potential liquidity issues, as the company may struggle to cover its current liabilities with its quick assets alone. Therefore, CH Robinson Worldwide Inc may need to carefully manage its liquidity position and ensure proper management of its short-term obligations to maintain financial stability.
Peer comparison
Dec 31, 2024