Ryder System Inc (R)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 2,463,000 | 2,381,000 | 2,371,000 | 2,406,000 | 2,265,000 | 2,112,000 | 2,117,000 | 2,260,000 | 2,200,000 | 2,338,690 | 2,417,320 | 2,112,170 | 2,461,000 | 1,839,230 | 1,788,860 | 1,531,650 | 1,595,530 | 2,032,850 | 2,132,710 | 1,856,570 |
| 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 |
| Current ratio | 0.75 | 0.74 | 0.74 | 0.82 | 0.62 | 0.53 | 0.62 | 0.60 | 0.66 | 0.73 | 0.67 | 0.59 | 0.77 | 0.58 | 0.59 | 0.67 | 0.78 | 0.81 | 0.77 | 0.85 |
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 shown fluctuations over the periods presented. The ratio was consistently below 1, indicating that the company may have had difficulties meeting its short-term financial obligations with its current assets.
The current ratio decreased from 0.85 as of March 31, 2020, to a low of 0.53 as of September 30, 2023, reflecting a potential liquidity strain during that period. However, there were some periods where the ratio improved, such as the increase from 0.59 as of June 30, 2021, to 0.77 as of December 31, 2021.
Overall, the current ratio has been volatile, showing fluctuations without a clear trend. It is important for investors and stakeholders to monitor the company's liquidity position closely, considering the potential implications for its financial health and ability to meet short-term obligations.
Peer comparison
Dec 31, 2024