Hub Group Inc (HUBG)

Quick 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 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 — —
Receivables US$ in thousands 554,816 576,352 583,759 588,957 568,855 636,384 616,775 701,089 681,557 784,770 797,718 769,732 684,434 617,492 537,481 510,741 511,940 552,675 449,147 456,315
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
Quick ratio 1.13 1.23 1.27 1.21 1.15 1.58 1.62 1.64 1.40 1.35 1.53 1.38 1.23 1.35 1.36 1.27 1.25 1.40 1.31 1.46

December 31, 2024 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($98,248K + $—K + $554,816K) ÷ $579,481K
= 1.13

The quick ratio of Hub Group Inc has shown fluctuations over the period under review. Starting at 1.46 as of March 31, 2020, the ratio declined to 1.25 by December 31, 2020, indicating a potential liquidity strain. However, there was a slight improvement as the ratio increased to 1.38 by March 31, 2022, and further to 1.62 by June 30, 2023, suggesting better short-term liquidity position. Yet, by December 31, 2024, the quick ratio dropped to 1.13, raising concerns about the company's ability to meet its short-term obligations swiftly using its most liquid assets. Overall, Hub Group Inc's quick ratio has shown variability, and further analysis of its current assets and liabilities is warranted to assess its liquidity position accurately.