Republic Services Inc (RSG)
Cash 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 and cash equivalents | US$ in thousands | 74,000 | 83,400 | 490,600 | 91,600 | 140,000 | 157,500 | 181,600 | 132,200 | 143,400 | 81,400 | 119,400 | 39,000 | 29,000 | 40,100 | 34,000 | 23,200 | 38,200 | 406,400 | 269,700 | 281,600 |
| Short-term investments | US$ in thousands | 208,000 | 203,100 | 178,000 | 143,300 | 163,600 | 153,300 | 149,600 | 132,700 | 127,600 | 121,700 | 121,500 | 117,200 | 139,000 | 155,600 | 151,000 | 134,600 | 149,100 | 145,200 | 142,600 | 25,000 |
| Total current liabilities | US$ in thousands | 4,128,000 | 3,641,500 | 4,533,600 | 4,325,900 | 4,228,300 | 4,068,800 | 2,987,900 | 3,029,300 | 3,388,300 | 3,163,800 | 2,934,600 | 2,258,100 | 2,415,600 | 2,333,400 | 2,314,800 | 2,148,800 | 2,282,000 | 2,190,800 | 2,066,100 | 1,980,600 |
| Cash ratio | 0.07 | 0.08 | 0.15 | 0.05 | 0.07 | 0.08 | 0.11 | 0.09 | 0.08 | 0.06 | 0.08 | 0.07 | 0.07 | 0.08 | 0.08 | 0.07 | 0.08 | 0.25 | 0.20 | 0.15 |
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 shown fluctuations over the past few years. The cash ratio measures a company's ability to cover its short-term liabilities with its available cash and cash equivalents. Republic Services Inc's cash ratio ranged between 0.05 and 0.25 during the period from March 31, 2020, to December 31, 2024.
The company's cash ratio started at 0.15 on March 31, 2020, and gradually increased to 0.25 by September 30, 2020. However, it then decreased significantly to 0.08 by December 31, 2020. The ratio continued to fluctuate between 0.07 and 0.11 during the following quarters, indicating some instability in the company's cash position.
By June 30, 2024, Republic Services Inc's cash ratio spiked to 0.15, suggesting a stronger ability to cover its short-term obligations. However, by March 31, 2024, the ratio dropped again to 0.05, indicating a potential liquidity challenge.
Overall, Republic Services Inc's cash ratio has varied, reflecting fluctuations in its cash and cash equivalent balances relative to its current liabilities. It is essential for investors and analysts to monitor these changes to assess the company's liquidity position accurately.
Peer comparison
Dec 31, 2024