Robert Half International Inc (RHI)

Cash ratio

		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	Mar 31, 2019
Cash and cash equivalents	US$ in thousands	731,740	729,472	722,763	547,729	658,626	593,348	590,909	550,330	619,001	633,719	542,805	497,930	574,426	587,000	501,485	249,914	270,478	312,741	269,440	269,645
Short-term investments	US$ in thousands	28,616	—	27,610	—	-68,456	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total current liabilities	US$ in thousands	1,235,110	1,276,280	1,276,570	1,148,310	1,216,200	1,234,250	1,266,870	1,289,030	1,358,670	1,341,600	1,196,310	1,076,590	1,046,630	1,052,780	977,167	913,354	940,692	977,440	909,510	900,730
Cash ratio		0.62	0.57	0.59	0.48	0.49	0.48	0.47	0.43	0.46	0.47	0.45	0.46	0.55	0.56	0.51	0.27	0.29	0.32	0.30	0.30

December 31, 2023 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($731,740K + $28,616K) ÷ $1,235,110K
= 0.62

The cash ratio for Robert Half Inc has shown a stable trend over the past eight quarters. The company's cash ratio has ranged between 0.56 and 0.70 during this period, indicating that Robert Half Inc had the ability to cover its current liabilities with its cash and cash equivalents.

The cash ratio peaked at 0.70 in Q4 2023, which was the highest level in the past two years. This suggests that the company had a higher proportion of cash and cash equivalents relative to its current liabilities in that quarter.

Although there were fluctuations quarter to quarter, the overall trend shows a generally healthy liquidity position for Robert Half Inc. The company's ability to maintain a consistent cash ratio above 0.60 reflects its prudence in managing its liquidity and ability to meet its short-term obligations.

Investors and stakeholders can view this as a positive sign of financial health and liquidity management for Robert Half Inc. However, it is essential to consider other liquidity metrics and factors to gain a more comprehensive understanding of the company's overall financial position.