Republic Services Inc (RSG)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | 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 |
| Receivables | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 4,128,000 | 4,228,300 | 3,388,300 | 2,415,600 | 2,282,000 |
| Quick ratio | 0.07 | 0.07 | 0.08 | 0.07 | 0.08 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($74,000K
+ $208,000K
+ $—K)
÷ $4,128,000K
= 0.07
The quick ratio of Republic Services Inc has remained relatively stable over the past five years, ranging from 0.07 to 0.08. This indicates that the company may have challenges in meeting its short-term obligations using its most liquid assets. A quick ratio below 1.0 suggests potential liquidity issues, as the company may have difficulty covering its current liabilities with its current assets excluding inventory. It would be crucial for Republic Services Inc to carefully manage its liquidity position to ensure it can meet its short-term financial obligations effectively.
Peer comparison
Dec 31, 2024