RB Global Inc. (RBA)

Current ratio

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	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
Total current assets	US$ in thousands	1,714,800	1,858,800	1,965,310	1,882,860	1,804,720	1,834,500	1,832,300	1,829,700	963,117	953,857	996,839	1,027,510	762,222	825,412	833,585	843,675	556,778	1,012,770	962,454	709,469
Total current liabilities	US$ in thousands	1,331,300	1,449,100	1,517,980	1,462,690	1,335,830	1,403,000	1,383,900	1,404,500	795,290	752,182	792,818	848,948	588,419	682,180	716,938	784,865	514,577	753,498	768,042	584,010
Current ratio		1.29	1.28	1.29	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

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 fluctuations over the years from March 31, 2020, to December 31, 2024. The current ratio measures the company's ability to cover its short-term liabilities with its current assets.

RB Global Inc.'s current ratio ranged from a low of 1.07 on March 31, 2021, to a high of 1.35 on December 31, 2023. Generally, a current ratio above 1 indicates that the company has more current assets than current liabilities, which is a positive sign of liquidity.

It is notable that the current ratio improved gradually from 1.07 on March 31, 2021, to 1.35 on December 31, 2023, indicating an improvement in the company's liquidity position during this period. However, there was a slight decline in the current ratio in the following periods, ranging between 1.28 and 1.32, suggesting that the company may have experienced some changes in its current assets or liabilities management.

Overall, despite some fluctuations, RB Global Inc. has generally maintained a current ratio above 1, which suggests a reasonable ability to meet its short-term obligations with its current assets. It is crucial for the company to continue monitoring its current ratio and managing its current assets and liabilities effectively to ensure ongoing liquidity and financial stability.