Ryder System Inc (R)
Cash ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 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 | 73,584 | 75,867 | 92,502 | 62,787 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | -39 | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 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 | 2,625,350 | 2,532,850 | 2,641,150 | 2,754,580 |
| Cash ratio | 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 | 0.03 | 0.03 | 0.04 | 0.02 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($204,000K
+ $—K)
÷ $3,649,000K
= 0.06
The cash ratio of Ryder System, Inc. has shown some fluctuations over the past eight quarters. The cash ratio measures a company's ability to cover short-term liabilities with its cash and cash equivalents.
In Q4 2023, the cash ratio was 0.15, indicating that Ryder System, Inc. had $0.15 in cash for every $1 of current liabilities. This value was higher than Q3 2023 (0.10) but lower than Q2 2023 (0.14) and Q4 2022 (0.15).
Compared to Q3 2022 (0.20), the cash ratio has been declining steadily. However, the company's Q2 2022 (0.18) and Q1 2022 (0.12) cash ratios were also lower than the current ratio, suggesting some variability in cash holdings.
Overall, the cash ratio of Ryder System, Inc. has been relatively stable in the range of 0.10 to 0.20 over the past eight quarters, indicating that the company has maintained a sufficient level of cash to cover its short-term obligations. However, management should continue to monitor the cash ratio to ensure liquidity and financial stability.
Peer comparison
Dec 31, 2023