Robert Half International Inc (RHI)
Quick 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 | 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 | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 772,285 | 885,401 | 893,467 | 861,450 | 860,872 | 941,121 | 974,008 | 1,009,190 | 1,018,290 | 1,101,300 | 1,091,600 | 1,071,610 | 984,691 | 1,005,630 | 907,947 | 799,673 | 714,163 | 690,259 | 665,409 | 853,529 |
| 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 |
| Quick ratio | 1.02 | 1.11 | 1.14 | 2.43 | 1.31 | 1.31 | 1.35 | 1.36 | 1.32 | 1.37 | 1.33 | 1.26 | 1.18 | 1.22 | 1.21 | 1.21 | 1.23 | 1.21 | 1.19 | 1.21 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($537,583K
+ $—K
+ $772,285K)
÷ $1,285,740K
= 1.02
The quick ratio of Robert Half International Inc has shown fluctuations over the periods analyzed. The quick ratio indicates the company's ability to meet its short-term obligations using its most liquid assets.
From March 31, 2020, to March 31, 2024, the quick ratio ranged from 1.21 to 2.43. There was a notable increase in the quick ratio from March 31, 2024, to 2.43, indicating a significant improvement in the company's ability to cover its short-term liabilities with its quick assets. This may be attributed to an increase in cash or near-cash assets compared to the current liabilities.
However, the quick ratio decreased to 1.14 on June 30, 2024, and further dropped to 1.02 by December 31, 2024. These decreases may raise concerns about the company's short-term liquidity position, as the quick assets may be insufficient to cover its current liabilities. It's essential for stakeholders to monitor the trend of the quick ratio to assess the company's financial health and liquidity position accurately.
Peer comparison
Dec 31, 2024