Old Dominion Freight Line Inc (ODFL)

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	108,676	74,163	74,304	580,974	433,799	206,601	55,141	207,624	186,312	216,727	196,134	262,122	462,564	339,761	484,204	351,900	401,430	420,396	518,624	356,972
Short-term investments	US$ in thousands	0	—	30,271	—	0	0	0	24,807	49,355	158,829	224,391	279,183	254,433	224,899	165,254	310,193	330,274	205,294	—	—
Total current liabilities	US$ in thousands	540,529	553,580	552,754	550,674	544,658	552,350	503,018	569,520	529,793	639,327	628,178	578,596	464,234	534,291	482,018	513,862	373,130	449,288	494,174	428,295
Cash ratio		0.20	0.13	0.19	1.06	0.80	0.37	0.11	0.41	0.44	0.59	0.67	0.94	1.54	1.06	1.35	1.29	1.96	1.39	1.05	0.83

December 31, 2024 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($108,676K + $0K) ÷ $540,529K
= 0.20

The cash ratio of Old Dominion Freight Line Inc has shown fluctuations over the period from March 31, 2020, to December 31, 2024. The ratio indicates the company's ability to cover its short-term liabilities with its cash and cash equivalents.

The cash ratio started at 0.83 on March 31, 2020, increased to a peak of 1.96 on December 31, 2020, and has since experienced ups and downs, reaching a low of 0.11 on June 30, 2023, and a high of 1.54 on December 31, 2021.

Overall, the company has maintained a relatively healthy cash ratio, with values mostly above 1.0, indicating that it has sufficient cash to cover its short-term liabilities during most of the period under analysis. However, the ratio showed some volatility and declined towards the end of the period, possibly indicating a reduction in the company's ability to cover short-term obligations with available cash. This trend may warrant further investigation into the company's liquidity position and cash management practices.