RB Global Inc. (RBA)
Cash 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 and cash equivalents | US$ in thousands | 533,900 | 650,700 | 745,491 | 596,784 | 744,074 | 428,300 | 432,900 | 568,300 | 494,324 | 438,771 | 367,289 | 440,120 | 326,113 | 362,612 | 301,757 | 294,380 | 278,766 | 470,285 | 389,720 | 290,094 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 1,331,300 | 1,449,100 | 1,517,980 | 1,462,690 | 1,335,830 | 1,403,000 | 1,383,900 | 1,404,500 | 795,290 | 752,182 | 792,818 | 848,948 | 588,419 | 682,180 | 716,938 | 784,865 | 514,577 | 753,498 | 768,042 | 584,010 |
| Cash ratio | 0.40 | 0.45 | 0.49 | 0.41 | 0.56 | 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 |
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, ranging from a low of 0.31 to a high of 0.62. The cash ratio measures the company's ability to cover its short-term liabilities with its available cash and equivalents. A higher cash ratio indicates a stronger ability to cover its current liabilities, while a lower ratio may suggest a liquidity risk.
RB Global Inc.'s cash ratio reached its peak at 0.62 on September 30, 2020, and December 31, 2022, indicating a healthy cash position relative to its short-term obligations during those periods. However, the ratio declined to 0.31 on both June 30, 2023, and September 30, 2023, suggesting a potential liquidity challenge during those quarters.
Overall, RB Global Inc.'s cash ratio has been relatively stable, with most values fluctuating within a reasonable range. It is important for the company to closely monitor its cash position and ensure it maintains a healthy level of liquidity to meet its short-term financial obligations.
Peer comparison
Dec 31, 2024