Hub Group Inc (HUBG)

Quick ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash	US$ in thousands	187,270	286,642	159,784	124,506	168,729
Short-term investments	US$ in thousands	—	—	—	23,353	—
Receivables	US$ in thousands	568,855	681,557	684,434	511,940	446,776
Total current liabilities	US$ in thousands	658,210	691,770	687,069	529,105	507,364
Quick ratio		1.15	1.40	1.23	1.25	1.21

December 31, 2023 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($187,270K + $—K + $568,855K) ÷ $658,210K
= 1.15

The quick ratio of Hub Group, Inc. has exhibited some fluctuation over the past five years. As of December 31, 2023, the quick ratio stands at 1.29, a decrease from 1.53 in 2022. This indicates that the company may have slightly less liquidity to cover its short-term obligations compared to the previous year. However, the current ratio remains above 1.0, suggesting that the company has an adequate level of quick assets to meet its current liabilities. Overall, the trend in the quick ratio over the years shows some variability, but the company has generally maintained a solid liquidity position.