Landstar System Inc (LSTR)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | 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 |
| Receivables | US$ in thousands | 731,001 | 787,101 | 1,024,030 | 1,255,440 | 898,926 |
| Total current liabilities | US$ in thousands | 673,154 | 675,224 | 878,135 | 1,009,980 | 806,137 |
| Quick ratio | 1.93 | 1.97 | 1.61 | 1.49 | 1.48 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($515,018K
+ $51,619K
+ $731,001K)
÷ $673,154K
= 1.93
The quick ratio of Landstar System Inc has shown a positive trend over the past five years, increasing from 1.31 in December 31, 2020, to 1.86 in December 31, 2024. This indicates the company's ability to cover its short-term obligations with its most liquid assets has improved over time. The quick ratio consistently remained above 1 during this period, suggesting that Landstar System Inc has sufficient liquid assets to meet its current liabilities. The gradual increase in the quick ratio reflects a stronger liquidity position and a greater ability to handle financial obligations in the short term. Overall, the quick ratio indicates that Landstar System Inc's liquidity position has been steadily improving, providing a favorable outlook for meeting its short-term financial obligations.
Peer comparison
Dec 31, 2024