JB Hunt Transport Services Inc (JBHT)
Cash 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 53,344 | 75,198 | 295,929 | 52,604 | 51,927 | 84,334 | 123,841 | 144,529 | 355,549 | 529,595 | 570,918 | 552,970 | 313,302 | 318,549 | 274,654 | 48,454 | 35,000 | 75,132 | 6,875 | 52,363 |
| Short-term investments | US$ in thousands | 0 | — | — | — | 0 | — | — | — | 0 | — | — | — | 0 | — | — | — | 0 | — | — | — |
| Total current liabilities | US$ in thousands | 1,779,420 | 1,779,080 | 1,768,520 | 1,703,580 | 1,568,230 | 1,500,720 | 1,870,060 | 1,784,730 | 1,729,600 | 1,644,630 | 1,228,360 | 1,166,400 | 1,084,800 | 1,095,420 | 970,682 | 909,376 | 1,035,770 | 1,075,020 | 1,061,520 | 998,239 |
| Cash ratio | 0.03 | 0.04 | 0.17 | 0.03 | 0.03 | 0.06 | 0.07 | 0.08 | 0.21 | 0.32 | 0.46 | 0.47 | 0.29 | 0.29 | 0.28 | 0.05 | 0.03 | 0.07 | 0.01 | 0.05 |
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 shown fluctuations over the past quarters. The cash ratio measures the company's ability to cover its current liabilities with its cash and cash equivalents. A higher cash ratio indicates a stronger ability to cover short-term obligations.
In Q2 2023, the cash ratio was relatively high at 0.48, reflecting a strong liquidity position for the company during that period. This was an improvement compared to the previous quarter where the cash ratio was 0.34. However, the cash ratio decreased in Q3 2023 to 0.34, suggesting a slight reduction in the company's ability to cover its short-term liabilities with cash.
Looking further back, the cash ratio was 0.28 in Q3 2022, 0.27 in Q2 2022, and 0.29 in Q1 2022. These values indicate a slightly lower liquidity position compared to more recent quarters. The cash ratio in Q4 2022 was consistent with Q4 2023 at 0.20.
Overall, J.B. Hunt Transport Services, Inc. has maintained a reasonable cash ratio across the quarters, indicating a generally healthy liquidity position. However, the fluctuations in the cash ratio over time suggest that the company's ability to cover short-term obligations with cash may vary, and further analysis of the company's cash management strategies may be warranted.
Peer comparison
Dec 31, 2023