Expeditors International of Washington, Inc. (EXPD)

Cash 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 and cash equivalents	US$ in thousands	1,148,320	1,293,170	1,271,850	1,370,460	1,512,880	1,639,430	1,698,590	2,350,790	2,034,130	2,154,530	1,976,970	2,139,630	1,728,690	1,820,110	1,674,120	1,793,390	1,527,790	1,465,510	1,180,460	1,111,970
Short-term investments	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total current liabilities	US$ in thousands	2,066,470	2,375,750	2,160,920	1,826,340	1,704,410	1,667,040	1,579,110	1,760,060	2,054,060	2,706,250	3,411,070	3,721,970	3,726,300	3,275,480	2,485,230	2,195,020	1,893,040	1,496,710	1,288,070	1,159,180
Cash ratio		0.56	0.54	0.59	0.75	0.89	0.98	1.08	1.34	0.99	0.80	0.58	0.57	0.46	0.56	0.67	0.82	0.81	0.98	0.92	0.96

December 31, 2024 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($1,148,320K + $—K) ÷ $2,066,470K
= 0.56

The cash ratio for Expeditors International of Washington, Inc. has shown some fluctuations over the provided time period. The cash ratio measures the company's ability to cover its short-term obligations with its readily available cash and cash equivalents.

From March 31, 2020, to December 31, 2024, the cash ratio ranged from 0.46 to 1.34. There was a gradual increase in the cash ratio from March 31, 2022, to March 31, 2023, reaching its highest point of 1.34, indicating a strong liquidity position at that point in time.

However, the cash ratio decreased in the subsequent periods, dropping to 0.54 by September 30, 2024. This suggests a potential decrease in the company's ability to cover its short-term obligations with cash and cash equivalents during that period.

Overall, it is important for investors and stakeholders to monitor Expeditors International of Washington, Inc.'s cash ratio over time to assess its liquidity position and ability to meet its short-term financial obligations.