Republic Services Inc (RSG)
Quick ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 140,000 | 143,400 | 29,000 | 38,200 | 47,100 |
| Short-term investments | US$ in thousands | 163,600 | 127,600 | 139,000 | 149,100 | 0 |
| Receivables | US$ in thousands | 1,831,600 | 1,737,000 | 1,303,600 | 1,123,500 | 1,214,000 |
| Total current liabilities | US$ in thousands | 4,228,300 | 3,390,700 | 2,415,600 | 2,282,000 | 3,064,600 |
| Quick ratio | 0.50 | 0.59 | 0.61 | 0.57 | 0.41 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($140,000K
+ $163,600K
+ $1,831,600K)
÷ $4,228,300K
= 0.50
The quick ratio of Republic Services, Inc. has fluctuated over the past five years, ranging from 0.51 in 2019 to 0.68 in 2021. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets. A quick ratio below 1 indicates that the company may have difficulty meeting its short-term liabilities with its current liquid assets alone.
In 2023, the quick ratio decreased to 0.54 from the previous year's 0.67, suggesting a potential weakening ability to cover immediate liabilities. It is important for investors and creditors to monitor this ratio as a lower quick ratio may indicate liquidity challenges and difficulties in meeting short-term financial obligations promptly. Further analysis of Republic Services, Inc.'s cash management and working capital policies could provide additional insights into the company's liquidity position.
Peer comparison
Dec 31, 2023