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