Hub Group Inc (HUBG)

Current 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
Total current assets	US$ in thousands	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	640,221	559,597	586,924	575,391
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
Current ratio		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	1.26	1.26	1.23	1.18

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $849,245K ÷ $658,210K
= 1.29

The current ratio for Hub Group, Inc. fluctuated over the past eight quarters, ranging from a low of 1.29 in Q4 2023 to a high of 1.68 in Q1 2023. Overall, the company's current ratio has shown a general upward trend from Q4 2022 to Q1 2023, indicating a strengthening ability to cover its short-term liabilities with current assets. However, there was a slight decline in the current ratio in the most recent quarter (Q4 2023), which may suggest a potential decrease in liquidity compared to the previous quarter. It is important for the company to closely monitor this trend to ensure it maintains a healthy balance between current assets and current liabilities for efficient working capital management.