Republic Services Inc (RSG)
Cash 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 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 | 47,100 | 55,600 | 72,500 | 68,000 |
| Short-term investments | US$ in thousands | 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 | 0 | 121,300 | 119,200 | 115,100 |
| Total current liabilities | US$ in thousands | 4,228,300 | 4,068,800 | 2,987,900 | 3,029,300 | 3,390,700 | 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 | 3,064,600 | 2,997,400 | 3,571,000 | 3,467,900 |
| Cash ratio | 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 | 0.02 | 0.06 | 0.05 | 0.05 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($140,000K
+ $163,600K)
÷ $4,228,300K
= 0.07
The cash ratio for Republic Services, Inc. fluctuated over the past eight quarters, ranging from 0.06 to 0.10. The ratio provides insight into the company's ability to cover its short-term liabilities using its cash and cash equivalents.
In Q4 2023, the cash ratio was 0.07, indicating that the company had 7 cents of cash for every dollar of current liabilities. This was a slight decrease from the previous quarter. The ratio remained relatively stable around 0.08 in the preceding quarters of 2023 and also in Q4 2022.
The highest cash ratio was observed in Q2 2023 at 0.10, suggesting a temporary improvement in the company's liquidity position during that period. Overall, the cash ratio indicates that Republic Services, Inc. maintains a moderate level of liquidity, with fluctuations reflecting variations in its cash holdings relative to its short-term obligations.
It is important for stakeholders to monitor the company's cash ratio over time to assess its liquidity risk and ability to meet its financial commitments.
Peer comparison
Dec 31, 2023