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.