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.
Peer comparison
Dec 31, 2023