Republic Services Inc (RSG)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 74,000 | 140,000 | 143,400 | 29,000 | 38,200 |
| Short-term investments | US$ in thousands | 208,000 | 163,600 | 127,600 | 139,000 | 149,100 |
| Total current liabilities | US$ in thousands | 4,128,000 | 4,228,300 | 3,388,300 | 2,415,600 | 2,282,000 |
| Cash ratio | 0.07 | 0.07 | 0.08 | 0.07 | 0.08 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($74,000K
+ $208,000K)
÷ $4,128,000K
= 0.07
The cash ratio of Republic Services Inc has remained relatively stable over the past five years, ranging between 0.07 and 0.08. This ratio indicates the company's ability to cover its short-term liabilities with its available cash and cash equivalents. A cash ratio of 0.07 to 0.08 suggests that for every dollar of current liabilities, the company has $0.07 to $0.08 in cash on hand, which is relatively low. While a higher cash ratio is generally preferred as it signifies a stronger liquidity position, the stability of Republic Services Inc's cash ratio indicates that it has been able to manage its short-term obligations consistently over the years. Further analysis of the company's overall liquidity position and cash management practices would provide a more comprehensive understanding of its financial health.
Peer comparison
Dec 31, 2024