Hub Group Inc (HUBG)

Cash 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
Cash and cash equivalents	US$ in thousands	187,270	400,686	342,429	342,570	286,642	211,921	298,476	206,896	159,784	230,656	246,021	226,264	124,506	185,336	203,173	276,880	168,729	89,628	149,863	112,402
Short-term investments	US$ in thousands	—	—	—	—	—	—	—	—	—	23,100	23,305	—	23,353	21,516	—	—	—	—	—	—
Total current liabilities	US$ in thousands	658,210	656,288	593,737	637,707	691,770	740,664	718,645	707,579	687,069	644,256	592,230	580,941	529,105	542,728	496,101	502,808	507,364	444,925	477,119	486,888
Cash ratio		0.28	0.61	0.58	0.54	0.41	0.29	0.42	0.29	0.23	0.39	0.45	0.39	0.28	0.38	0.41	0.55	0.33	0.20	0.31	0.23

December 31, 2023 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($187,270K + $—K) ÷ $658,210K
= 0.28

The cash ratio for Hub Group, Inc. has shown fluctuations over the past eight quarters. In Q4 2023, the cash ratio was 0.37, which was lower than the previous quarter but higher than the same quarter in the previous year. The company's ability to cover its short-term liabilities with available cash and cash equivalents improved from Q3 2023 to Q4 2023 but is still lower compared to the preceding quarters. Overall, the trend indicates some variability in the company's liquidity position, suggesting the need for closer monitoring and management of cash resources.