Rush Enterprises A Inc (RUSHA)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 228,131 | 183,725 | 201,044 | 148,146 | 312,048 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Receivables | US$ in thousands | 363,434 | 282,986 | 250,427 | 166,189 | 196,508 |
| Total current liabilities | US$ in thousands | 1,650,120 | 1,673,310 | 1,428,670 | 1,003,500 | 1,026,790 |
| Quick ratio | 0.36 | 0.28 | 0.32 | 0.31 | 0.50 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($228,131K
+ $—K
+ $363,434K)
÷ $1,650,120K
= 0.36
The quick ratio of Rush Enterprises A Inc has shown fluctuations over the years, starting at 0.50 in December 31, 2020, decreasing to 0.31 in December 31, 2021, then slightly improving to 0.32 in December 31, 2022, but dropping again to 0.28 in December 31, 2023, before recovering to 0.36 by December 31, 2024. These values indicate the company's ability to meet its short-term obligations with its most liquid assets. The decreasing trend from 2020 to 2023 suggests potential liquidity challenges, but the improvement in 2024 is a positive sign. It is essential for the company to closely monitor its liquidity position to ensure it can address its immediate financial obligations effectively.
Peer comparison
Dec 31, 2024