Robert Half International Inc (RHI)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 2,129,420 | 2,256,300 | 2,227,340 | 2,186,660 | 2,297,140 | 2,328,110 | 2,378,100 | 2,252,320 | 2,285,110 | 2,249,850 | 2,260,740 | 2,272,040 | 2,268,550 | 2,233,750 | 2,053,230 | 1,873,920 | 1,842,740 | 1,853,680 | 1,720,150 | 1,606,660 |
| 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 |
| Current ratio | 1.66 | 1.72 | 1.76 | 1.85 | 1.86 | 1.82 | 1.86 | 1.96 | 1.88 | 1.82 | 1.78 | 1.76 | 1.67 | 1.66 | 1.72 | 1.74 | 1.76 | 1.76 | 1.76 | 1.76 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $2,129,420K ÷ $1,285,740K
= 1.66
Robert Half International Inc's current ratio has been relatively stable over the past few years, ranging from 1.66 to 1.96. The current ratio measures the company's ability to meet its short-term obligations with its current assets. A current ratio above 1 indicates that the company has more current assets than current liabilities, which is generally considered a positive sign as it shows the company can cover its short-term debts.
In the case of Robert Half International Inc, the current ratio has generally remained above 1.5, indicating a healthy liquidity position. The slight fluctuations in the current ratio over the periods suggest that the company has been managing its short-term obligations effectively. The increasing trend in the current ratio from 1.66 in September 2022 to 1.88 in December 2022 and further to 1.96 in March 2023 could signal improving liquidity and financial stability.
However, the slight decline in the current ratio towards the end of 2024, from 1.86 in March 2024 to 1.66 in December 2024, could be something to monitor closely. It is essential for investors and stakeholders to continue monitoring the company's current ratio along with other financial indicators to assess its overall financial health and ability to meet short-term obligations in the future.
Peer comparison
Dec 31, 2024