Marten Transport Ltd (MRTN)

Current ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Total current assets	US$ in thousands	196,582	235,840	186,949	175,658	154,166
Total current liabilities	US$ in thousands	110,242	124,310	93,559	89,794	76,326
Current ratio		1.78	1.90	2.00	1.96	2.02

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $196,582K ÷ $110,242K
= 1.78

The current ratio of Marten Transport, Ltd. has shown a declining trend over the past five years. In 2023, the current ratio stood at 1.78, which was lower compared to the previous four years. This indicates that the company's ability to meet its short-term obligations with its current assets has decreased slightly.

While a current ratio above 1 typically suggests the company can cover its short-term liabilities with its current assets, the downward trend of the current ratio over the years may raise concerns about the company's liquidity position. It is essential for companies to maintain a healthy current ratio to ensure they can handle their short-term financial obligations effectively.

Further analysis and additional information about Marten Transport, Ltd.'s current assets and liabilities would be necessary to fully assess the implications of the declining current ratio and to determine any potential risks or areas of improvement for the company.