RB Global Inc. (RBA)

Quick 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
Cash US$ in thousands 462,800 576,200 428,300 432,900 568,300 494,300 438,771 367,289 440,120 326,113 362,612 301,757 294,380 278,766 470,285 389,720 290,094 359,671 309,555 210,429
Short-term investments US$ in thousands 24
Receivables US$ in thousands 959,200 741,500 951,900 938,800 809,500 189,048 309,969 304,003 307,596 170,790 261,061 277,156 296,939 141,798 334,094 333,866 253,754 144,212 260,413 345,289
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
Quick ratio 0.97 0.98 0.98 0.99 0.98 0.86 1.00 0.85 0.88 0.84 0.91 0.81 0.75 0.82 1.07 0.94 0.93 1.01 0.86 0.84

March 31, 2024 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($462,800K + $—K + $959,200K) ÷ $1,464,200K
= 0.97

The quick ratio of RB Global Inc. has shown variability over the past few quarters, ranging from 0.75 to 1.07. A quick ratio above 1 indicates that the company has an adequate level of liquid assets to cover its current liabilities.

The quick ratio for RB Global Inc. has generally been above 0.85 in recent quarters, indicating that the company has been able to meet its short-term obligations using its most liquid assets. However, there was a notable dip in the quick ratio in March 2021 (0.75), which may have signaled a period of lower liquidity.

Overall, the quick ratio trend indicates that RB Global Inc. has managed its short-term liquidity well, with most quarters showing a ratio above 0.85. However, management should continue to monitor and maintain an appropriate level of liquid assets to cover its current liabilities effectively.


Peer comparison

Mar 31, 2024