Marten Transport Ltd (MRTN)

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	138,511	170,275	219,570	214,022	196,582	224,586	231,959	243,912	235,840	225,309	237,883	220,034	186,949	211,944	201,940	201,058	175,658	192,546	194,722	159,547
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
Current ratio		1.48	1.46	1.85	1.92	1.78	1.85	1.77	2.04	1.90	1.80	1.82	2.01	2.00	1.39	1.89	2.05	1.96	2.19	2.22	1.75

December 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $138,511K ÷ $93,519K
= 1.48

Marten Transport Ltd's current ratio has shown fluctuations over the past few years. The current ratio measures the company's ability to meet short-term obligations with its current assets.

From March 31, 2020, to December 31, 2020, the current ratio ranged between 1.75 and 2.22, indicating the company had a healthy level of current assets to cover its current liabilities during this period.

However, from March 31, 2021, to September 30, 2021, the current ratio decreased to a range between 1.39 and 2.05, suggesting some fluctuation and potential challenges in short-term liquidity management.

There was a rebound in the current ratio from December 31, 2021, to June 30, 2022, with a range between 1.82 and 2.01, indicating improved short-term liquidity position.

Subsequently, the current ratio dropped again from September 30, 2022, to December 31, 2024, ranging between 1.46 and 1.92. This trend may suggest potential liquidity concerns or changes in the company's current assets and liabilities management.

Overall, Marten Transport Ltd's current ratio has displayed fluctuations, and management may need to closely monitor and manage the company's current assets and liabilities to maintain a healthy liquidity position in the future.