RB Global Inc. (RBA)

Current ratio

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Total current assets	US$ in thousands	1,714,800	1,814,000	963,117	762,222	556,778
Total current liabilities	US$ in thousands	1,331,300	1,342,700	795,290	588,419	514,577
Current ratio		1.29	1.35	1.21	1.30	1.08

December 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $1,714,800K ÷ $1,331,300K
= 1.29

RB Global Inc.'s current ratio has shown variability over the past five years. The current ratio, which measures the company's ability to meet its short-term obligations with its current assets, was 1.08 as of December 31, 2020. This suggests that the company may have had difficulty meeting its short-term liabilities at that time.

However, there has been an improvement in the current ratio in subsequent years. By December 31, 2021, the ratio had increased to 1.30, indicating a stronger ability to cover short-term obligations. The ratio further improved to 1.21 by December 31, 2022, but then increased to 1.35 by December 31, 2023, and slightly decreased to 1.29 by December 31, 2024.

Overall, the trend in the current ratio shows some variability but generally indicates that RB Global Inc. has been able to enhance its short-term liquidity position in recent years, with the ratio consistently above 1. This suggests that the company has improved its ability to meet its short-term obligations using its current assets. However, it is important for RB Global Inc. to continue monitoring its current ratio to ensure it remains at a healthy level.