Knight Transportation Inc (KNX)

Cash 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 and cash equivalents	US$ in thousands	365,945	166,348	336,044	340,936	465,820	193,372	228,957	191,245	196,770	194,082	198,021	242,860	261,001	269,694	179,032	194,650	156,699	240,236	117,760	119,132
Short-term investments	US$ in thousands	-147,684	150,870	—	—	530	1,028	3,082	4,076	7,175	7,827	7,856	8,302	5,866	7,140	8,589	8,954	9,001	9,052	8,272	8,836
Total current liabilities	US$ in thousands	1,706,750	1,429,520	1,650,100	1,643,290	1,825,290	1,730,370	945,421	905,811	894,007	912,352	1,103,800	1,166,030	1,074,820	852,541	705,548	948,439	839,708	1,262,200	971,483	979,281
Cash ratio		0.13	0.22	0.20	0.21	0.26	0.11	0.25	0.22	0.23	0.22	0.19	0.22	0.25	0.32	0.27	0.21	0.20	0.20	0.13	0.13

December 31, 2024 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($365,945K + $-147,684K) ÷ $1,706,750K
= 0.13

The cash ratio of Knight Transportation Inc has fluctuated over the period from March 31, 2020, to December 31, 2024. The cash ratio measures the company's ability to cover its short-term liabilities with its cash and cash equivalents. Knight Transportation Inc's cash ratio ranged from a low of 0.11 on September 30, 2023, to a high of 0.32 on September 30, 2021.

A cash ratio of less than 1 indicates that the company may have difficulty meeting its short-term liabilities using only its cash reserves. Knight Transportation Inc's cash ratio generally stayed below 1 during the period, suggesting that the company may rely on sources other than cash to meet its short-term obligations.

Overall, the cash ratio trend indicates some volatility in Knight Transportation Inc's liquidity position, with fluctuations in the level of cash reserves relative to its short-term liabilities. Investors and stakeholders may closely monitor this ratio to assess the company's ability to manage short-term financial obligations effectively.