Landstar System Inc (LSTR)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 515,018 | 481,043 | 339,581 | 215,522 | 249,354 |
| Short-term investments | US$ in thousands | 51,619 | 59,661 | 53,955 | 35,778 | 41,375 |
| Total current liabilities | US$ in thousands | 673,154 | 675,224 | 878,135 | 1,009,980 | 806,137 |
| Cash ratio | 0.84 | 0.80 | 0.45 | 0.25 | 0.36 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($515,018K
+ $51,619K)
÷ $673,154K
= 0.84
The cash ratio of Landstar System Inc has shown varying trends over the years based on the provided data.
As of December 31, 2020, the cash ratio was 0.36, indicating that the company had 36 cents in cash and cash equivalents for every dollar in current liabilities.
By December 31, 2021, the cash ratio decreased to 0.25, suggesting a lower liquidity position compared to the previous year.
However, by December 31, 2022, the cash ratio improved to 0.45, indicating an increase in the company's ability to cover its short-term obligations with cash on hand.
The cash ratio further improved significantly to 0.80 by December 31, 2023, signaling a strong liquidity position and an enhanced ability to meet current liabilities through cash reserves.
By the end of December 31, 2024, the cash ratio rose even higher to 0.84, showcasing a continued strengthening of Landstar System Inc's liquidity position.
Overall, based on the trend observed from 2020 to 2024, Landstar System Inc has shown an improvement in its cash ratio, indicating a positive liquidity position and a sound ability to meet short-term obligations with available cash resources.
Peer comparison
Dec 31, 2024