Landstar System Inc (LSTR)

Current 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
Total current assets US$ in thousands 1,319,870 1,311,390 1,315,180 1,310,370 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
Total current liabilities US$ in thousands 673,154 592,652 605,718 589,672 675,224 670,065 692,826 741,344 878,135 941,518 977,891 950,252 1,009,980 847,312 720,215 662,665 806,137 543,550 473,460 464,831
Current ratio 1.96 2.21 2.17 2.22 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

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 some fluctuations over the past few years. Starting at 1.76 on March 31, 2020, the ratio increased gradually reaching its peak at 2.22 on March 31, 2024, which indicates a strong ability to cover short-term obligations with current assets. However, the ratio decreased slightly to 1.96 by December 31, 2024. Overall, Landstar System Inc maintains a relatively healthy current ratio throughout the period under review, indicating sound liquidity and financial stability.