JB Hunt Transport Services Inc (JBHT)
Quick 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 | 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 | — | — | — |
| Receivables | US$ in thousands | 1,334,910 | 1,369,970 | 1,286,240 | 1,382,900 | 1,528,080 | 1,726,160 | 1,776,770 | 1,745,650 | 1,506,620 | 1,442,950 | 1,293,920 | 1,219,160 | 1,124,400 | 1,121,820 | 950,636 | 978,280 | 1,011,830 | 1,051,030 | 1,040,150 | 1,002,480 |
| 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 |
| Quick ratio | 0.78 | 0.81 | 0.89 | 0.84 | 1.01 | 1.21 | 1.02 | 1.06 | 1.08 | 1.20 | 1.52 | 1.52 | 1.33 | 1.31 | 1.26 | 1.13 | 1.01 | 1.05 | 0.99 | 1.06 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($53,344K
+ $0K
+ $1,334,910K)
÷ $1,779,420K
= 0.78
The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. In the case of J.B. Hunt Transport Services, Inc., the quick ratio has fluctuated over the past eight quarters, ranging from 1.11 to 1.43.
The quick ratio for J.B. Hunt Transport Services, Inc. has generally been above 1, indicating that the company has been able to cover its short-term liabilities with its quick assets, such as cash, marketable securities, and accounts receivable. A quick ratio above 1 is considered favorable as it suggests that a company is likely able to meet its short-term obligations without having to rely on selling inventory.
It is worth noting that the quick ratio has decreased from a high of 1.43 in Q3 2022 to 1.15 in Q4 2023. This could indicate a potential tightening of liquidity or an increase in short-term liabilities relative to quick assets. However, given that the quick ratio remains above 1, J.B. Hunt Transport Services, Inc. still appears to have a sufficient level of liquidity to meet its immediate financial obligations.
Further analysis would be needed to understand the specific factors driving the fluctuations in the quick ratio in order to assess the liquidity position of J.B. Hunt Transport Services, Inc. in more depth.
Peer comparison
Dec 31, 2023