JB Hunt Transport Services Inc (JBHT)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 46,983 | 53,344 | 51,927 | 355,549 | 313,302 |
| Short-term investments | US$ in thousands | — | — | — | 6,300 | — |
| Receivables | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 1,678,040 | 1,779,420 | 1,568,230 | 1,726,360 | 1,126,190 |
| Quick ratio | 0.03 | 0.03 | 0.03 | 0.21 | 0.28 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($46,983K
+ $—K
+ $—K)
÷ $1,678,040K
= 0.03
The quick ratio of JB Hunt Transport Services Inc has shown a declining trend over the past five years, from 0.28 in December 31, 2020, to a low of 0.03 in December 31, 2022, and maintaining the same level in December 31, 2023, and December 31, 2024. This indicates that the company may have limited ability to cover its short-term obligations with its most liquid assets. A quick ratio below 1 suggests potential liquidity issues, as current assets may not be sufficient to meet short-term liabilities. JB Hunt Transport Services Inc should closely monitor its liquidity position and consider strategies to improve its quick ratio in order to ensure financial stability and meet its short-term obligations effectively.
Peer comparison
Dec 31, 2024