JB Hunt Transport Services Inc (JBHT)

Cash ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash and cash equivalents	US$ in thousands	53,344	51,927	355,549	313,302	35,000
Short-term investments	US$ in thousands	0	0	0	0	0
Total current liabilities	US$ in thousands	1,779,420	1,568,230	1,729,600	1,084,800	1,035,770
Cash ratio		0.03	0.03	0.21	0.29	0.03

December 31, 2023 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($53,344K + $0K) ÷ $1,779,420K
= 0.03

The cash ratio of J.B. Hunt Transport Services, Inc. has fluctuated over the past five years. In 2023 and 2022, the cash ratio remained consistent at 0.20, indicating that the company had $0.20 of cash for every $1 of current liabilities.

The cash ratio decreased in 2021 to 0.33 from 0.47 in 2020. This decline suggests that the company may have had less cash available relative to its current liabilities in 2021 compared to the previous year.

However, in 2019, the cash ratio was 0.21, which was lower compared to 2021 but higher than in 2023 and 2022. This indicates that in 2019, the company had $0.21 of cash for every $1 of current liabilities.

Overall, the trend in the cash ratio of J.B. Hunt Transport Services, Inc. shows some fluctuations, with the company having varying levels of cash relative to its current liabilities over the past five years. It is important for stakeholders to monitor this ratio to assess the company's liquidity position and its ability to meet short-term obligations.