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