RB Global Inc. (RBA)

Current 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
Total current assets US$ in thousands 1,884,800 1,814,000 1,834,500 1,832,300 1,829,700 963,100 953,857 996,839 1,027,510 762,222 825,412 833,585 843,675 556,778 1,012,770 962,454 709,469 679,584 809,256 827,261
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
Current ratio 1.29 1.35 1.31 1.32 1.30 1.21 1.27 1.26 1.21 1.30 1.21 1.16 1.07 1.08 1.34 1.25 1.21 1.36 1.23 1.24

March 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $1,884,800K ÷ $1,464,200K
= 1.29

RB Global Inc.'s current ratio has shown some variability over the past few quarters, ranging from 1.07 to 1.36. The current ratio measures a company's ability to cover its short-term liabilities with its short-term assets, with a higher ratio indicating stronger liquidity.

The current ratio was relatively stable from Dec 2019 to Sep 2020, hovering around 1.3. However, there was a slight decline in current ratio in the following quarters until Dec 2020. From Jun 2021 to Mar 2022, there was a slight improvement in the current ratio, but it dropped again by the end of 2022.

The current ratio improved in the first quarter of 2023 and remained relatively stable in the subsequent quarters, with the most recent ratio standing at 1.29 as of Mar 31, 2024. Overall, while the current ratio indicates that RB Global Inc. has generally been able to meet its short-term obligations with its current assets, it is important to continue monitoring changes in the ratio to ensure ongoing liquidity and financial health.


Peer comparison

Mar 31, 2024