JB Hunt Transport Services Inc (JBHT)
Quick 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 | 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 | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Quick 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
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, which measures the company's ability to meet its short-term obligations with its most liquid assets, has shown varying levels over the past few years.
From March 31, 2020, to December 31, 2021, the quick ratio remained relatively low, ranging from 0.05 to 0.47. This indicates that the company had limited short-term liquidity to cover its current liabilities during this period.
Subsequently, the quick ratio dipped significantly from December 31, 2021, to June 30, 2022, reaching its lowest point of 0.07. This could suggest potential liquidity challenges faced by the company during this period.
However, from September 30, 2022, to December 31, 2024, the quick ratio showed some improvement, fluctuating between 0.03 and 0.06. While it remained relatively low, this uptick may indicate a slightly better ability to cover short-term obligations with liquid assets compared to the previous period.
Overall, the quick ratio trend suggests that JB Hunt Transport Services Inc may have faced liquidity challenges in the past but has taken steps to enhance its short-term liquidity position in more recent periods. Further monitoring of the quick ratio will be important to assess the company's ongoing liquidity management and financial health.
Peer comparison
Dec 31, 2024