RB Global Inc. (RBA)

Cash ratio

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 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019
Cash and cash equivalents US$ in thousands 462,800 576,200 428,300 432,900 568,300 494,300 438,771 367,289 440,120 326,113 362,612 301,757 294,380 278,766 470,285 389,720 290,094 359,671 309,555 210,429
Short-term investments US$ in thousands — — — — — 24 — — — — — — — — — — — — — —
Total current liabilities US$ in thousands 1,464,200 1,342,700 1,403,000 1,383,900 1,404,500 795,200 752,182 792,818 848,948 588,419 682,180 716,938 784,865 514,577 753,498 768,042 584,010 501,258 659,959 665,480
Cash ratio 0.32 0.43 0.31 0.31 0.40 0.62 0.58 0.46 0.52 0.55 0.53 0.42 0.38 0.54 0.62 0.51 0.50 0.72 0.47 0.32

March 31, 2024 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($462,800K + $—K) ÷ $1,464,200K
= 0.32

The cash ratio of RB Global Inc. has shown fluctuations over the past several quarters. The ratio indicates the company's ability to cover its short-term liabilities with its cash and cash equivalents.

The trend of RB Global Inc.'s cash ratio has been somewhat volatile, ranging from a low of 0.31 to a high of 0.72. The company's cash ratio was relatively high in some periods, such as December 2022 and September 2020, suggesting a strong ability to meet short-term obligations with cash on hand.

However, there are also periods where the cash ratio decreased, indicating a lower ability to cover short-term liabilities with cash alone. For instance, March 2021 and September 2019 had lower cash ratios, which may have indicated a need to manage liquidity more effectively during those periods.

Overall, RB Global Inc. should continue to monitor its cash position and ensure it maintains a solid cash ratio to weather potential liquidity challenges and meet its short-term obligations effectively.