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

Company name
Symbol
Current ratio
Ryder System Inc
R
0.75
Avis Budget Group Inc
CAR
0.80
Hertz Global Holdings Inc
HTZ
0.25