Rush Enterprises A Inc (RUSHA)

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	228,131	185,073	167,266	155,905	183,725	191,988	191,897	226,292	201,044	219,519	216,694	209,526	148,146	259,693	315,911	316,070	312,048	259,543	215,556	137,540
Short-term investments	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total current liabilities	US$ in thousands	1,650,120	1,752,030	1,697,900	1,757,330	1,673,310	1,720,120	1,620,840	1,513,080	1,428,670	1,419,380	1,299,550	1,128,700	1,003,500	772,725	928,811	1,028,310	1,026,790	1,089,260	1,163,650	1,351,840
Cash ratio		0.14	0.11	0.10	0.09	0.11	0.11	0.12	0.15	0.14	0.15	0.17	0.19	0.15	0.34	0.34	0.31	0.30	0.24	0.19	0.10

December 31, 2024 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($228,131K + $—K) ÷ $1,650,120K
= 0.14

The cash ratio of Rush Enterprises A Inc has shown fluctuations over the past few years. It stood at 0.10 as of March 31, 2020, indicating that the company had 10 cents in cash for every dollar of current liabilities. The ratio then improved to 0.34 by June 30, 2021, signaling a healthy increase in the level of cash relative to short-term obligations.

However, there was a significant decline in the cash ratio to 0.15 by December 31, 2021, and further drop to 0.09 by March 31, 2024. These lower ratios suggest that the company may have been facing challenges in maintaining sufficient cash reserves to cover its immediate liabilities during these periods.

Overall, while the cash ratio of Rush Enterprises A Inc has shown fluctuations, it is important for the company to closely monitor its cash position to ensure it has adequate liquidity to meet its short-term financial obligations.