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.