Ryder System Inc (R)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 2,463,000 | 2,265,000 | 2,200,000 | 2,461,000 | 1,595,530 |
| Total current liabilities | US$ in thousands | 3,271,000 | 3,649,000 | 3,316,000 | 3,201,000 | 2,053,150 |
| Current ratio | 0.75 | 0.62 | 0.66 | 0.77 | 0.78 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $2,463,000K ÷ $3,271,000K
= 0.75
The current ratio of Ryder System Inc has exhibited a declining trend over the past five years, decreasing from 0.78 as of December 31, 2020, to 0.75 as of December 31, 2024. This indicates a potential weakening liquidity position, as the company's current assets may not be as sufficient to cover its current liabilities. However, it is important to note that a current ratio above 1.0 is generally considered healthy, suggesting that Ryder System Inc may need to improve its short-term liquidity management to ensure it can meet its current obligations effectively.
Peer comparison
Dec 31, 2024