Robert Half International Inc (RHI)
Cash 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 and cash equivalents | US$ in thousands | 537,583 | 570,466 | 547,370 | 540,939 | 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 |
| Short-term investments | US$ in thousands | — | — | — | 1,463,480 | 28,616 | — | 27,610 | — | -68,456 | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 1,285,740 | 1,310,250 | 1,263,260 | 1,179,540 | 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 |
| Cash ratio | 0.42 | 0.44 | 0.43 | 1.70 | 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 |
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 fluctuations over the periods analyzed. The cash ratio measures the company's ability to cover its short-term liabilities with its cash and cash equivalents. A higher cash ratio indicates a stronger ability to cover these liabilities, while a lower ratio may suggest potential liquidity concerns.
Between March 31, 2020, and December 31, 2021, the cash ratio ranged between 0.27 and 0.56, displaying some variability. The ratio improved from 0.27 in March 2020 to 0.56 in September 2020, indicating an enhanced ability to cover short-term obligations with available cash.
From March 31, 2022, to December 31, 2024, the cash ratio remained relatively stable, fluctuating between 0.43 and 0.62. Notably, there was a significant spike in the cash ratio to 1.70 on March 31, 2024, suggesting a substantial increase in the company's cash reserves relative to its short-term liabilities.
Overall, while the cash ratio of Robert Half International Inc has shown some variability over the periods analyzed, it generally appears to indicate a prudent approach to liquidity management, with the company maintaining a reasonable level of cash to meet its short-term obligations.
Peer comparison
Dec 31, 2024