JB Hunt Transport Services Inc (JBHT)

Current 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
Total current assets	US$ in thousands	1,770,980	1,926,400	1,913,710	1,949,560	2,084,910	1,970,170	2,137,580	1,988,930	2,167,540	2,152,420	2,281,920	2,255,150	2,303,840	2,265,150	2,209,300	2,132,000	1,860,970	1,728,600	1,544,700	1,397,970
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
Current ratio		1.06	0.94	1.21	1.26	1.17	1.11	1.21	1.17	1.38	1.43	1.22	1.26	1.33	1.38	1.80	1.83	1.65	1.58	1.59	1.54

December 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $1,770,980K ÷ $1,678,040K
= 1.06

JB Hunt Transport Services Inc's current ratio has shown some fluctuations over the past few years. The company's current ratio was relatively stable between 2020 and the first half of 2022, ranging from 1.54 to 1.83. However, starting in the second half of 2022, there was a notable decline in the current ratio, dropping to as low as 0.94 by September 30, 2024.

A current ratio above 1 indicates that JB Hunt Transport Services Inc had more current assets than current liabilities to meet its short-term obligations. While the company's current ratio remained above 1 throughout the period, the decreasing trend since the second half of 2022 may raise some concerns about its liquidity position and ability to cover short-term liabilities.

It is important for JB Hunt Transport Services Inc to closely monitor its current ratio and take necessary steps to maintain a healthy liquidity position to ensure it can meet its short-term financial obligations in a timely manner.