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.
Peer comparison
Mar 31, 2024