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.