RB Global Inc. (RBA)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 533,900 | 576,200 | 494,324 | 326,113 | 278,766 |
| Short-term investments | US$ in thousands | — | 15,753 | — | — | — |
| Total current liabilities | US$ in thousands | 1,331,300 | 1,342,700 | 795,290 | 588,419 | 514,577 |
| Cash ratio | 0.40 | 0.44 | 0.62 | 0.55 | 0.54 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($533,900K
+ $—K)
÷ $1,331,300K
= 0.40
RB Global Inc.'s cash ratio has shown some fluctuations over the years. The company's cash ratio increased from 0.54 in 2020 to 0.55 in 2021, indicating a slight improvement in its ability to cover its short-term liabilities with cash on hand. In 2022, the cash ratio further increased to 0.62, suggesting a stronger liquidity position. However, there was a decrease in the cash ratio to 0.44 in 2023, which may raise concerns about the company's ability to meet its short-term obligations using its available cash. The trend continued in 2024 with a further decline to 0.40, indicating a potential strain on the company's liquidity. Overall, RB Global Inc. should closely monitor its cash position and consider implementing strategies to maintain adequate liquidity levels to meet its financial obligations.
Peer comparison
Dec 31, 2024