Marten Transport Ltd (MRTN)

Cash 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 and cash equivalents	US$ in thousands	17,267	42,990	77,199	73,730	53,213	68,067	80,528	96,288	80,600	71,492	68,374	66,527	56,995	83,900	80,672	88,583	66,127	88,279	75,323	36,136
Short-term investments	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total current liabilities	US$ in thousands	93,519	116,749	118,976	111,442	110,242	121,644	131,020	119,602	124,310	125,457	130,717	109,382	93,559	152,271	106,989	97,851	89,794	87,947	87,579	91,126
Cash ratio		0.18	0.37	0.65	0.66	0.48	0.56	0.61	0.81	0.65	0.57	0.52	0.61	0.61	0.55	0.75	0.91	0.74	1.00	0.86	0.40

December 31, 2024 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($17,267K + $—K) ÷ $93,519K
= 0.18

The cash ratio of Marten Transport Ltd has shown fluctuations over the period from March 31, 2020, to December 31, 2024. The cash ratio indicates the company's ability to cover its short-term liabilities using its cash and cash equivalents.

The trend in the cash ratio for Marten Transport Ltd indicates some variability in its liquidity position. The ratio was relatively low at 0.40 on March 31, 2020, and gradually increased to a peak of 1.00 on September 30, 2020. This suggests an improvement in the company's ability to cover its short-term obligations during this period.

Subsequently, the cash ratio fluctuated between 0.55 and 0.91 until March 31, 2021, indicating some volatility in the company's liquidity position. From June 30, 2021, to June 30, 2024, the cash ratio generally remained within the range of 0.52 to 0.66, reflecting a stable but moderate liquidity position.

However, there was a notable decline in the cash ratio to 0.18 on December 31, 2024. This sharp decrease could potentially signal a decrease in the company's ability to cover its short-term obligations with its available cash and cash equivalents.

Overall, while the cash ratio of Marten Transport Ltd has shown fluctuations over the analyzed period, it is essential for the company to continue monitoring and managing its liquidity position to ensure it can meet its short-term financial commitments effectively.