Ryder System Inc (R)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 154,000 | 204,000 | 267,000 | 234,000 | 151,294 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Receivables | US$ in thousands | 1,861,000 | 1,714,000 | 1,610,000 | 1,465,000 | 1,182,350 |
| Total current liabilities | US$ in thousands | 3,271,000 | 3,649,000 | 3,316,000 | 3,201,000 | 2,053,150 |
| Quick ratio | 0.62 | 0.53 | 0.57 | 0.53 | 0.65 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($154,000K
+ $—K
+ $1,861,000K)
÷ $3,271,000K
= 0.62
The quick ratio of Ryder System Inc has shown some fluctuations over the past five years. As of December 31, 2020, the quick ratio was 0.65, indicating that the company had $0.65 in liquid assets available to cover each $1 of current liabilities. However, the ratio decreased to 0.53 by the end of 2021 and remained at a similar level in 2023. This suggests a potential liquidity challenge as the company may have had difficulties meeting its short-term obligations with its quick assets alone during these periods.
In 2022, the quick ratio improved slightly to 0.57, indicating a better position in terms of short-term liquidity. By the end of 2024, the quick ratio further increased to 0.62, reflecting a positive trend towards strengthening liquidity. Overall, while there have been fluctuations in the quick ratio, it is essential for Ryder System Inc to continue monitoring and managing its liquidity position to ensure it can meet its short-term obligations effectively.
Peer comparison
Dec 31, 2024