Rush Enterprises A Inc (RUSHA)

Current ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Total current assets	US$ in thousands	2,260,300	1,867,740	1,324,450	1,357,730	1,712,550
Total current liabilities	US$ in thousands	1,673,310	1,428,670	1,003,500	1,026,790	1,507,390
Current ratio		1.35	1.31	1.32	1.32	1.14

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $2,260,300K ÷ $1,673,310K
= 1.35

The current ratio of Rush Enterprises A Inc has shown a generally stable trend over the past five years, ranging from 1.14 in 2019 to 1.35 in 2023. This ratio indicates the company's ability to cover its short-term obligations with its current assets.

A current ratio above 1 suggests that the company has more than enough current assets to cover its current liabilities. In this case, Rush Enterprises A Inc has maintained a current ratio above 1 consistently, indicating a healthy liquidity position.

While the current ratio has fluctuated slightly over the years, the variations have been within a reasonable range, demonstrating a relatively stable liquidity position for the company. Overall, the current ratio analysis suggests that Rush Enterprises A Inc has maintained a strong ability to meet its short-term financial obligations throughout the period under review.