Robert Half International Inc (RHI)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 537,583 | 731,740 | 658,626 | 619,001 | 574,426 |
| Short-term investments | US$ in thousands | — | 28,616 | — | — | — |
| Total current liabilities | US$ in thousands | 1,285,740 | 1,235,110 | 1,216,200 | 1,358,670 | 1,046,630 |
| Cash ratio | 0.42 | 0.62 | 0.54 | 0.46 | 0.55 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($537,583K
+ $—K)
÷ $1,285,740K
= 0.42
The cash ratio of Robert Half International Inc has shown some fluctuations over the past five years. The ratio was 0.55 as of December 31, 2020, indicating that the company had $0.55 in cash and cash equivalents for every $1 of current liabilities. Over the following years, the cash ratio decreased to 0.46 as of December 31, 2021, before increasing to 0.54 by December 31, 2022.
There was a significant improvement in the cash ratio to 0.62 by December 31, 2023, suggesting that the company had a stronger liquidity position at that time. However, the ratio then dropped to 0.42 as of December 31, 2024, which could indicate potential liquidity challenges or a change in the company's cash management practices.
Overall, while the cash ratio fluctuated over the period, it is important for the company to closely monitor and manage its cash levels to ensure it can meet its short-term obligations and maintain financial stability.
Peer comparison
Dec 31, 2024