Ryder System Inc (R)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 154,000 | 162,000 | 164,000 | 234,000 | 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 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | -39 | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 1,861,000 | 1,869,000 | 1,861,000 | 1,814,000 | 1,714,000 | 1,647,000 | 1,572,000 | 1,682,000 | 1,610,000 | 1,620,840 | 1,692,910 | 1,602,660 | 1,465,000 | 1,361,530 | 1,298,900 | 1,194,560 | 1,182,350 | 1,156,240 | 1,087,640 | 1,202,820 |
| 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 |
| Quick ratio | 0.62 | 0.63 | 0.64 | 0.70 | 0.53 | 0.45 | 0.52 | 0.52 | 0.57 | 0.65 | 0.60 | 0.51 | 0.53 | 0.50 | 0.51 | 0.56 | 0.65 | 0.73 | 0.70 | 0.73 |
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, also known as the acid-test ratio, measures a company's ability to meet its short-term obligations with its most liquid assets. A quick ratio below 1 indicates a company may have difficulty meeting its short-term liabilities.
Looking at the quick ratio trend of Ryder System Inc over the past few years, we can see some fluctuations. The quick ratio decreased from 0.73 as of March 31, 2020, to a low of 0.45 as of September 30, 2023. This drop may suggest potential liquidity challenges during this period.
However, there was some improvement in the quick ratio from March 31, 2024, where it stood at 0.70. This increase suggests that Ryder System Inc may have strengthened its ability to cover short-term obligations with its liquid assets.
Overall, the quick ratio of Ryder System Inc has shown variability over the periods analyzed. Investors and stakeholders should continue to monitor this ratio to assess the company's liquidity position and its ability to meet short-term financial commitments.
Peer comparison
Dec 31, 2024