Ryder System Inc (R)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 154,000 | 204,000 | 267,000 | 234,000 | 151,294 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 3,271,000 | 3,649,000 | 3,316,000 | 3,201,000 | 2,053,150 |
| Cash ratio | 0.05 | 0.06 | 0.08 | 0.07 | 0.07 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($154,000K
+ $—K)
÷ $3,271,000K
= 0.05
The cash ratio of Ryder System Inc has shown some fluctuation over the years. As of December 31, 2020 and December 31, 2021, the cash ratio stood at 0.07, indicating that for every dollar of current liabilities, the company had $0.07 in cash or cash equivalents available. The ratio improved slightly to 0.08 as of December 31, 2022, suggesting a stronger liquidity position. However, there was a decline to 0.06 as of December 31, 2023, potentially indicating a decrease in the company's ability to cover its short-term obligations with its available cash. This trend continued with a further decrease to 0.05 as of December 31, 2024, highlighting a potential liquidity challenge that may require attention from stakeholders.
Peer comparison
Dec 31, 2024