Hub Group Inc (HUBG)

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 98,248 186,139 220,247 195,362 187,270 400,686 342,429 342,570 286,642 211,921 298,476 206,896 159,784 230,656 246,021 226,264 124,506 185,336 203,173 276,880
Short-term investments US$ in thousands — — — — — — — — — — — — — 23,100 23,305 — 23,353 21,516 — —
Total current liabilities US$ in thousands 579,481 617,913 635,154 648,600 658,210 656,288 593,737 637,707 691,770 740,664 718,645 707,579 687,069 644,256 592,230 580,941 529,105 542,728 496,101 502,808
Cash ratio 0.17 0.30 0.35 0.30 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

December 31, 2024 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($98,248K + $—K) ÷ $579,481K
= 0.17

The cash ratio of Hub Group Inc has fluctuated over the past few years, ranging from a low of 0.17 to a high of 0.61. The cash ratio measures a company's ability to cover its short-term liabilities with its cash and cash equivalents. A higher cash ratio indicates a stronger liquidity position, as it means the company has more cash to cover its short-term obligations.

From the data provided, we can see that the cash ratio has generally been volatile, with some quarters showing significant fluctuations. For example, there was a notable decrease from 0.55 in March 2020 to 0.28 in December 2020, suggesting a decrease in the company's ability to cover its short-term liabilities with cash during that period.

It is important for stakeholders to monitor the cash ratio over time to assess the company's liquidity position and financial health. A consistently low cash ratio may indicate a potential liquidity risk, while a consistently high ratio may suggest cash resources are underutilized.