RB Global Inc. (RBA)

Current ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Total current assets	US$ in thousands	1,814,000	963,100	762,222	556,778	679,584
Total current liabilities	US$ in thousands	1,342,700	795,200	588,419	514,577	501,258
Current ratio		1.35	1.21	1.30	1.08	1.36

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $1,814,000K ÷ $1,342,700K
= 1.35

RB Global Inc.'s current ratio has exhibited fluctuations over the past five years. The current ratio, which measures the company's ability to cover short-term liabilities with current assets, stood at 1.35 as of December 31, 2023. This indicates that the company had $1.35 in current assets for every $1 of current liabilities.

Compared to the previous year, the current ratio increased from 1.21 in 2022 to 1.35 in 2023, suggesting an improved liquidity position. This may signify better management of current assets and liabilities during the year.

Examining the trend over the five-year period, the current ratio peaked at 1.36 in 2019, then fluctuated in subsequent years before reaching 1.35 in 2023. The variability in the current ratio over the years could indicate changing liquidity needs and the company's ability to adapt to different business conditions.

Overall, a current ratio above 1 indicates that RB Global Inc. has sufficient current assets to cover its short-term obligations. However, further analysis of the components of current assets and liabilities is recommended to gain a deeper understanding of the company's liquidity position.