Knight Transportation Inc (KNX)

Current 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
Total current assets US$ in thousands 1,448,740 1,437,620 1,450,220 1,532,170 1,709,020 1,761,170 1,885,110 1,442,640 1,493,570 1,474,350 1,473,420 1,466,270 1,414,280 1,404,460 1,074,880 963,745 923,363 998,553 829,500 838,442
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
Current ratio 0.85 1.01 0.88 0.93 0.94 1.02 1.99 1.59 1.67 1.62 1.33 1.26 1.32 1.65 1.52 1.02 1.10 0.79 0.85 0.86

December 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $1,448,740K ÷ $1,706,750K
= 0.85

The current ratio of Knight Transportation Inc has fluctuated over the past few years, indicating varying levels of liquidity. Starting at 0.86 in March 2020, the ratio decreased to 0.79 by September 2020, reflecting potential liquidity concerns. However, there was a notable improvement by December 2020, with the ratio increasing to a healthy 1.10, indicating a stronger ability to meet short-term obligations.

Subsequently, the current ratio continued to improve, reaching its peak at 1.99 in June 2023, suggesting a robust liquidity position. However, there was a significant drop to 0.85 by December 2024, indicating a potential deterioration in liquidity.

Overall, while there have been fluctuations, Knight Transportation Inc generally maintained a current ratio above 1 during most periods, indicating the company's ability to cover its short-term liabilities with its current assets. However, the downward trend towards the end of the period may warrant further investigation to ensure sustainable liquidity management.