JB Hunt Transport Services Inc (JBHT)

Current 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
Total current assets	US$ in thousands	2,084,910	1,970,170	2,137,580	1,988,930	2,211,780	2,152,420	2,281,920	2,269,800	2,313,370	2,265,150	2,209,300	2,132,000	1,842,120	1,728,600	1,544,700	1,397,970	1,481,300	1,383,460	1,384,360	1,438,160
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
Current ratio		1.17	1.11	1.21	1.17	1.41	1.43	1.22	1.27	1.34	1.38	1.80	1.83	1.70	1.58	1.59	1.54	1.43	1.29	1.30	1.44

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $2,084,910K ÷ $1,779,420K
= 1.17

The current ratio of J.B. Hunt Transport Services, Inc. has demonstrated fluctuations over the past eight quarters. The company's current ratio has ranged from a low of 1.11 in Q3 2023 to a high of 1.43 in Q3 2022.

In general, a current ratio above 1 indicates that a company's short-term liabilities can be covered by its current assets. Therefore, J.B. Hunt Transport Services, Inc. has consistently maintained a current ratio above 1, indicating that it has, on average, had sufficient current assets to meet its short-term obligations over the analyzed period.

However, it is worth noting that the current ratio has suffered a decline in recent quarters from the high levels seen in Q2 2022 and Q3 2022. The downward trend may indicate potential liquidity challenges or inefficiencies in managing the company's current assets and liabilities.

Overall, while the current ratio of J.B. Hunt Transport Services, Inc. suggests a relatively healthy liquidity position, consistent monitoring of this ratio is advisable to ensure the company's ability to meet its short-term financial obligations effectively.