Landstar System Inc (LSTR)

Quick 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
Cash	US$ in thousands	515,018	468,830	438,062	467,671	481,043	439,661	360,528	340,987	339,581	177,796	78,220	146,025	215,522	230,564	186,404	219,389	249,354	218,554	245,471	177,224
Short-term investments	US$ in thousands	51,619	62,451	65,959	62,781	59,661	57,099	58,574	47,168	53,955	50,637	41,549	35,679	35,778	36,644	52,560	41,407	41,375	39,068	36,274	33,627
Receivables	US$ in thousands	683,841	694,633	724,479	723,841	743,762	810,801	848,839	899,811	967,793	1,133,680	1,216,520	1,223,120	1,154,310	1,010,540	902,950	824,872	764,169	637,908	489,182	562,528
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
Quick ratio		1.86	2.07	2.03	2.13	1.90	1.95	1.83	1.74	1.55	1.45	1.37	1.48	1.39	1.51	1.59	1.64	1.31	1.65	1.63	1.66

December 31, 2024 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($515,018K + $51,619K + $683,841K) ÷ $673,154K
= 1.86

The quick ratio of Landstar System Inc has shown variability over the past few years. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets. Landstar's quick ratio fluctuated between 1.31 and 2.13 from December 31, 2020, to December 31, 2024.

The company maintained a healthy quick ratio above 1 throughout the period, indicating that it had sufficient liquid assets to cover its current liabilities. However, there was a decline in the quick ratio from March 31, 2023, to December 31, 2024, which may indicate a potential liquidity concern if the trend continues. Overall, Landstar System Inc's quick ratio suggests a relatively strong financial position, but it would be important to monitor any further changes in the ratio to ensure continued liquidity health.