Knight Transportation Inc (KNX)

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 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
Receivables US$ in thousands — — — — — — — — — — — — — — — — — — — —
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
Quick 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

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

The quick ratio of Knight Transportation Inc has fluctuated over the past few years, ranging from as low as 0.11 to as high as 0.32. A quick ratio below 1 indicates that the company may have difficulties meeting its short-term obligations with its most liquid assets. The trend in recent quarters shows some improvement, with the ratio increasing from 0.13 in March 2020 to 0.25 in December 2021, but it dipped again to 0.13 by December 2024. Overall, the company should closely monitor its liquidity position and strive to maintain a healthy quick ratio to ensure its ability to cover short-term liabilities.