Hub Group Inc (HUBG)

Current 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
Total current assets US$ in thousands 768,329 805,396 836,707 827,958 849,245 1,082,810 989,907 1,072,340 1,056,700 1,022,940 1,118,670 1,002,660 894,288 881,007 799,716 755,888 672,835 753,452 666,710 748,861
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
Current ratio 1.33 1.30 1.32 1.28 1.29 1.65 1.67 1.68 1.53 1.38 1.56 1.42 1.30 1.37 1.35 1.30 1.27 1.39 1.34 1.49

December 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $768,329K ÷ $579,481K
= 1.33

The current ratio of Hub Group Inc has shown some variability over the reported periods. The current ratio measures the company's ability to meet its short-term obligations with its current assets. The trend of the current ratio over the past few years indicates the company's liquidity position.

From March 31, 2020, to December 31, 2024, the current ratio fluctuated between 1.27 and 1.68, with an average around 1.40. A current ratio above 1 indicates that the company has more current assets than current liabilities. A ratio below 1 would suggest potential liquidity issues.

Hub Group Inc's current ratio has generally remained above 1 during the period, indicating a comfortable position in meeting its short-term obligations. The ratio peaked at 1.68 on March 31, 2023, indicating strong liquidity at that point.

Despite some minor fluctuations, the current ratio stayed within a reasonable range, suggesting that Hub Group Inc has managed its current assets and liabilities effectively to ensure liquidity. However, a slight downward trend observed towards the end of the reporting period, as seen in the ratio declining from 1.67 on June 30, 2023, to 1.33 on December 31, 2024, may warrant further monitoring to assess any potential impact on the company's liquidity position in the future.

Overall, the current ratio analysis indicates that Hub Group Inc has maintained a relatively stable liquidity position in the short term during the reported periods, which is a positive aspect for investors and creditors.