Expeditors International of Washington, Inc. (EXPD)

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	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	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Receivables	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
Quick 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

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

The quick ratio of Expeditors International of Washington, Inc. has fluctuated over the provided periods. The quick ratio indicates the company's ability to meet its short-term obligations with its most liquid assets.

From March 31, 2020, to December 31, 2020, the quick ratio ranged from 0.96 to 0.81, indicating a moderate level of liquidity. There was a decrease in the quick ratio from March 31, 2021, to June 30, 2021, which dropped to 0.67, suggesting potential challenges in meeting immediate payment obligations with its quick assets.

The quick ratio further declined to 0.46 by December 31, 2021, signifying even lower liquidity levels. However, from March 31, 2022, to December 31, 2022, the quick ratio gradually improved, reaching its peak at 0.99. This increase suggests an enhanced ability to cover short-term liabilities using liquid assets.

The quick ratio fluctuated in the subsequent periods, with occasional drops and rebounds. Overall, the quick ratio of Expeditors International of Washington, Inc. exhibited volatility but generally remained above 1, indicating a strengthening liquidity position and an ability to promptly meet short-term obligations with liquid assets.