Rush Enterprises A Inc (RUSHA)

Current ratio

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Total current assets	US$ in thousands	2,260,300	2,145,780	2,087,800	1,973,950	1,867,740	1,809,360	1,742,750	1,523,580	1,324,450	1,177,990	1,306,280	1,396,750	1,357,730	1,366,410	1,398,340	1,557,600	1,712,550	1,728,780	1,882,540	1,819,460
Total current liabilities	US$ in thousands	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	1,507,390	1,518,850	1,698,250	1,650,680
Current ratio		1.35	1.25	1.29	1.30	1.31	1.27	1.34	1.35	1.32	1.52	1.41	1.36	1.32	1.25	1.20	1.15	1.14	1.14	1.11	1.10

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 exhibited fluctuations over the past few quarters. The current ratio measures the company's ability to meet its short-term obligations with its current assets.

Looking at the trend, the current ratio has been above 1 for all quarters, indicating that Rush Enterprises A Inc has had more current assets than current liabilities. Additionally, a current ratio above 1 generally suggests a good liquidity position.

In the most recent period, as of December 31, 2023, the current ratio was 1.35. This indicates that for every dollar of current liabilities, Rush Enterprises A Inc has $1.35 in current assets available to cover those liabilities.

It's worth noting that although the current ratio has fluctuated slightly over the quarters, it has generally remained at healthy levels, reflecting the company's ability to meet its short-term obligations comfortably.

Overall, based on the current ratio analysis, Rush Enterprises A Inc appears to have maintained a satisfactory liquidity position, with sufficient current assets to cover its short-term obligations.