RB Global Inc. (RBA)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 533,900 | 650,700 | 745,491 | 596,784 | 744,074 | 428,300 | 432,900 | 568,300 | 494,324 | 438,771 | 367,289 | 440,120 | 326,113 | 362,612 | 301,757 | 294,380 | 278,766 | 470,285 | 389,720 | 290,094 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Quick ratio | 0.40 | 0.45 | 0.49 | 0.41 | 0.56 | 0.31 | 0.31 | 0.40 | 0.62 | 0.58 | 0.46 | 0.52 | 0.55 | 0.53 | 0.42 | 0.38 | 0.54 | 0.62 | 0.51 | 0.50 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($533,900K
+ $—K
+ $—K)
÷ $1,331,300K
= 0.40
The quick ratio of RB Global Inc. has shown some fluctuations over the past few years, ranging from a low of 0.31 to a high of 0.62. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets.
Analyzing the trend of RB Global Inc.'s quick ratio, we can see that it generally stayed within a relatively narrow range, indicating that the company has maintained a consistent level of liquidity over the period. However, there are some noticeable fluctuations, such as a significant drop in the quick ratio in March 2021 to 0.38, which suggests a potential liquidity strain during that period.
Overall, RB Global Inc.'s quick ratio has shown some variability but has generally remained at levels that are considered adequate for covering its short-term obligations with its quick assets. It would be important for the company to monitor and manage its liquidity effectively to ensure it remains solvent and can meet its financial commitments in the future.
Peer comparison
Dec 31, 2024