Landstar System Inc (LSTR)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,319,870 | 1,352,740 | 1,439,390 | 1,522,900 | 1,208,180 |
| Total current liabilities | US$ in thousands | 673,154 | 675,224 | 878,135 | 1,009,980 | 806,137 |
| Current ratio | 1.96 | 2.00 | 1.64 | 1.51 | 1.50 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,319,870K ÷ $673,154K
= 1.96
The current ratio of Landstar System Inc has shown a steady increase over the years, from 1.50 in December 31, 2020, to 1.96 in December 31, 2024. This indicates that the company's ability to meet its short-term obligations with its current assets has improved over time.
A current ratio above 1.0 generally suggests that a company is able to cover its short-term debts and liabilities with its current assets. Landstar's current ratio has consistently remained above 1.0, indicating a healthy financial position in the short term.
The increasing trend in the current ratio from 2020 to 2024 is a positive indicator of the company's liquidity and financial strength. However, it's important to continue monitoring this ratio to ensure that the company maintains a healthy balance between its current assets and liabilities.
Peer comparison
Dec 31, 2024