JB Hunt Transport Services Inc (JBHT)
Cash 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 and cash equivalents | US$ in thousands | 46,983 | 120,002 | 53,505 | 64,185 | 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 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | 1,400 | 6,300 | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 1,678,040 | 2,041,440 | 1,581,460 | 1,543,980 | 1,779,420 | 1,779,080 | 1,768,520 | 1,703,580 | 1,568,230 | 1,500,720 | 1,870,060 | 1,784,730 | 1,726,360 | 1,644,630 | 1,228,360 | 1,166,400 | 1,126,190 | 1,095,420 | 970,682 | 909,376 |
| Cash ratio | 0.03 | 0.06 | 0.03 | 0.04 | 0.03 | 0.04 | 0.17 | 0.03 | 0.03 | 0.06 | 0.07 | 0.08 | 0.21 | 0.32 | 0.46 | 0.47 | 0.28 | 0.29 | 0.28 | 0.05 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($46,983K
+ $—K)
÷ $1,678,040K
= 0.03
The cash ratio of JB Hunt Transport Services Inc has shown fluctuating trends over the provided time periods. The cash ratio started at a low of 0.05 on March 31, 2020, but gradually improved to 0.47 on March 31, 2021, indicating an increasing ability to cover short-term liabilities with cash on hand. However, the ratio then started to decline, reaching 0.03 by December 31, 2022, suggesting a potential decrease in liquidity.
Subsequently, there was some variability in the cash ratio until June 30, 2023, where it increased significantly to 0.17 before dropping again. This inconsistency in the cash ratio may indicate fluctuations in the company's cash position and its ability to meet short-term obligations.
Overall, the cash ratio of JB Hunt Transport Services Inc has demonstrated both strengths and weaknesses in managing its short-term liquidity position. Investors and stakeholders should closely monitor the cash ratio in conjunction with other financial metrics to assess the company's financial health and liquidity management strategies effectively.
Peer comparison
Dec 31, 2024