Landstar System Inc (LSTR)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,352,740 | 1,439,390 | 1,522,900 | 1,208,180 | 997,888 |
| Total current liabilities | US$ in thousands | 675,224 | 878,135 | 1,009,980 | 806,137 | 552,904 |
| Current ratio | 2.00 | 1.64 | 1.51 | 1.50 | 1.80 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,352,740K ÷ $675,224K
= 2.00
The current ratio of Landstar System Inc has shown fluctuating trends over the past five years. The current ratio was 1.80 in 2019, indicating that the company had $1.80 in current assets for every $1 in current liabilities. This ratio increased to 1.50 in 2020, which suggests a slight decline in liquidity. In 2021, the current ratio improved further to 1.51, showing a marginal increase in liquidity compared to the previous year. However, there was a significant improvement in 2022 as the current ratio increased to 1.64, indicating the company had more current assets to cover its current liabilities. The most recent data for 2023 shows a current ratio of 2.00, which signifies a substantial increase in liquidity compared to the previous years, indicating the company now has $2 in current assets for every $1 in current liabilities. Overall, the increasing trend in the current ratio demonstrates that Landstar System Inc has been strengthening its liquidity position in recent years.
Peer comparison
Dec 31, 2023