Robert Half International Inc (RHI)

Current 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
Total current assets	US$ in thousands	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	1,628,850	1,631,180	1,564,920	1,532,020
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
Current ratio		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	1.73	1.67	1.72	1.70

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $2,297,140K ÷ $1,235,110K
= 1.86

Robert Half Inc's current ratio has shown fluctuating trends over the past eight quarters. The current ratio measures the company's ability to cover its short-term liabilities with its current assets. A higher current ratio is generally favorable as it indicates that the company has more current assets to cover its short-term obligations.

In Q1 2023, Robert Half Inc had a current ratio of 1.96, which was the highest observed in the provided data. This suggests that the company had a strong ability to meet its short-term financial obligations at the beginning of the year. However, the current ratio decreased slightly in the following quarters, with Q3 2023 and Q2 2023 reporting ratios of 1.82 and 1.86, respectively.

Comparing the latest ratio in Q4 2023 to previous quarters, it was 1.86, which indicates the company's current assets are 1.86 times its current liabilities, reflecting a slightly improved liquidity position compared to some previous quarters. Nonetheless, the current ratio has generally remained above 1.80 over the past eight quarters, indicating that Robert Half Inc has maintained a favorable liquidity position during this period.

Overall, the analysis of Robert Half Inc's current ratio suggests that the company has been able to effectively manage its short-term liquidity position, with minor fluctuations observed over the quarters. A sustained current ratio above 1.80 demonstrates the firm's ability to cover its short-term obligations and indicates a healthy financial position.