Ryder System Inc (R)
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 | 154,000 | 162,000 | 164,000 | 234,000 | 204,000 | 159,000 | 218,000 | 253,000 | 267,000 | 456,291 | 447,737 | 221,886 | 234,000 | 202,736 | 267,992 | 91,738 | 151,294 | 684,248 | 831,469 | 397,235 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | -39 | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 3,271,000 | 3,211,000 | 3,184,000 | 2,918,000 | 3,649,000 | 3,987,000 | 3,411,000 | 3,755,000 | 3,316,000 | 3,201,690 | 3,587,820 | 3,555,080 | 3,201,000 | 3,154,630 | 3,056,050 | 2,285,250 | 2,053,150 | 2,518,640 | 2,755,600 | 2,196,400 |
| Cash ratio | 0.05 | 0.05 | 0.05 | 0.08 | 0.06 | 0.04 | 0.06 | 0.07 | 0.08 | 0.14 | 0.12 | 0.06 | 0.07 | 0.06 | 0.09 | 0.04 | 0.07 | 0.27 | 0.30 | 0.18 |
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 provides insights into the company's ability to cover its short-term financial obligations using its cash and cash equivalents. The trend of the cash ratio over the period from March 31, 2020, to December 31, 2024, shows fluctuations in the company's liquidity position.
- The cash ratio started at 0.18 on March 31, 2020, indicating that Ryder System Inc had $0.18 in cash and cash equivalents for every $1 of current liabilities.
- The ratio improved to 0.30 by June 30, 2020, suggesting an increase in the company's ability to meet short-term obligations with its cash reserves.
- However, the cash ratio decreased to 0.07 by December 31, 2020, signaling a decline in liquidity.
- The ratio continued to decline to 0.04 on March 31, 2021, and further dropped to 0.06 by September 30, 2021, indicating potential challenges in meeting short-term obligations with available cash.
- There was a slight improvement in the cash ratio to 0.12 by June 30, 2022, suggesting a better liquidity position compared to the previous periods.
- The ratio fluctuated between 0.04 and 0.08 from September 2022 to June 2024, indicating some variability in Ryder System Inc's ability to cover short-term liabilities with cash reserves during this period.
- By December 31, 2024, the cash ratio stood at 0.05, reflecting a stable but relatively low level of liquidity.
Overall, the cash ratio reveals the fluctuations in Ryder System Inc's liquidity position over the analyzed period. The management should closely monitor the cash reserves to ensure the company can meet its short-term financial obligations effectively.
Peer comparison
Dec 31, 2024