Landstar System Inc (LSTR)
Current ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,352,740 | 1,395,540 | 1,373,690 | 1,353,890 | 1,439,390 | 1,484,850 | 1,505,270 | 1,538,500 | 1,522,900 | 1,412,130 | 1,233,270 | 1,137,320 | 1,208,180 | 964,069 | 840,352 | 816,156 | 997,888 | 970,750 | 939,303 | 944,195 |
| Total current liabilities | US$ in thousands | 675,224 | 670,065 | 692,826 | 741,344 | 878,135 | 941,518 | 977,891 | 950,252 | 1,009,980 | 847,312 | 720,215 | 662,665 | 806,137 | 543,550 | 473,460 | 464,831 | 552,904 | 483,756 | 474,250 | 473,244 |
| Current ratio | 2.00 | 2.08 | 1.98 | 1.83 | 1.64 | 1.58 | 1.54 | 1.62 | 1.51 | 1.67 | 1.71 | 1.72 | 1.50 | 1.77 | 1.77 | 1.76 | 1.80 | 2.01 | 1.98 | 2.00 |
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 fluctuated over the periods provided in the table. The current ratio measures the firm's ability to cover its short-term obligations with its current assets. A higher current ratio indicates a better ability to meet short-term liabilities.
Looking at the trend, the current ratio has generally been above 1, indicating that Landstar System Inc has had sufficient current assets to cover its short-term liabilities. In recent periods, the current ratio has been above 1.5, indicating the company's strong liquidity position.
The current ratio peaked at 2.08 in September 2023, which suggests that the company had $2.08 in current assets for every dollar of current liabilities. This indicates a strong ability to cover short-term obligations. The current ratio decreased slightly to 2.00 in December 2023 but still remains at a healthy level.
Overall, Landstar System Inc's current ratio has shown a positive trend and has been consistently above 1, reflecting the company's ability to meet its short-term obligations using its current assets.
Peer comparison
Dec 31, 2023