Republic Services Inc (RSG)
Quick 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 | 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 |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Quick 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
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 shown some fluctuations over the period analyzed. 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 difficulties in meeting its short-term liabilities.
From March 31, 2020, to June 30, 2020, there was a slight improvement in the quick ratio from 0.15 to 0.20. However, the ratio decreased significantly to 0.08 by December 31, 2020, indicating a potential liquidity challenge.
Subsequently, from March 31, 2021, to June 30, 2021, there was a slight increase in the quick ratio to 0.08, which remained stable until September 30, 2021. However, it dipped to 0.07 by December 31, 2021, signaling a potential strain on liquidity.
The quick ratio remained consistent at 0.07 from December 31, 2021, to March 31, 2022, and then saw a slight increase to 0.08 by June 30, 2022. However, there was a decrease to 0.06 by September 30, 2022, indicating a possible liquidity challenge.
From December 31, 2022, to March 31, 2023, there was an improvement in the quick ratio to 0.09, which further increased to 0.11 by June 30, 2023. This improvement suggests better liquidity management. However, the quick ratio decreased to 0.08 by September 30, 2023, and further to 0.07 by December 31, 2023.
The quick ratio saw a significant decrease to 0.05 by March 31, 2024, which may raise concerns about the company's ability to cover its short-term obligations with its liquid assets. The ratio then improved to 0.15 by June 30, 2024, indicating better liquidity. However, it decreased to 0.08 by September 30, 2024, and remained at this level until December 31, 2024.
In conclusion, the quick ratio of Republic Services Inc showed fluctuations throughout the period, with some improvements and declines. The company may need to closely monitor and manage its liquidity position to ensure its ability to meet short-term obligations in the future.
Peer comparison
Dec 31, 2024