Knight Transportation Inc (KNX)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,448,740 | 1,709,020 | 1,493,570 | 1,414,280 | 923,363 |
| Total current liabilities | US$ in thousands | 1,706,750 | 1,825,290 | 894,007 | 1,074,820 | 839,708 |
| Current ratio | 0.85 | 0.94 | 1.67 | 1.32 | 1.10 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,448,740K ÷ $1,706,750K
= 0.85
Knight Transportation Inc's current ratio has experienced fluctuations over the past five years.
As of December 31, 2020, the current ratio stood at 1.10, indicating that the company had just enough current assets to cover its short-term liabilities. However, this improved to 1.32 by December 31, 2021, suggesting a stronger liquidity position.
By December 31, 2022, the current ratio increased further to 1.67, demonstrating an even healthier liquidity position with more than enough current assets to cover short-term obligations.
However, the ratio decreased significantly to 0.94 by December 31, 2023, signaling a potential liquidity concern where current assets may not be sufficient to meet short-term liabilities.
The trend continued to worsen by December 31, 2024, with a current ratio of 0.85, indicating a potential strain on liquidity and the company may face challenges in meeting its short-term obligations.
Overall, while Knight Transportation Inc's current ratio has shown fluctuations, investors and stakeholders should closely monitor its liquidity position to ensure the company can meet its short-term financial obligations effectively.
Peer comparison
Dec 31, 2024