Rush Enterprises A Inc (RUSHA)
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 | 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 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 363,434 | 282,553 | 286,848 | 303,444 | 282,986 | 263,480 | 236,870 | 229,684 | 250,427 | 220,832 | 232,129 | 186,757 | 166,189 | 149,281 | 160,435 | 187,171 | 196,508 | 155,677 | 162,677 | 214,597 |
| 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 |
| Quick ratio | 0.36 | 0.27 | 0.27 | 0.26 | 0.28 | 0.26 | 0.26 | 0.30 | 0.32 | 0.31 | 0.35 | 0.35 | 0.31 | 0.53 | 0.51 | 0.49 | 0.50 | 0.38 | 0.33 | 0.26 |
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 periods analyzed. The 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 difficulty meeting its short-term liabilities.
From March 31, 2020, to June 30, 2021, the quick ratio showed an increasing trend, indicating an improvement in the company's ability to cover its short-term liabilities with liquid assets. However, from December 31, 2021, to September 30, 2024, the quick ratio fluctuated within a range between 0.26 and 0.53.
Notably, the quick ratio dipped below 0.3 in some quarters, indicating potential liquidity challenges. However, by the end of December 31, 2024, the quick ratio improved to 0.36, suggesting an enhancement in the company's short-term liquidity position.
Overall, Rush Enterprises A Inc's quick ratio analysis indicates varying levels of liquidity over the analyzed periods, with improvements seen in certain quarters and potential challenges in others. Management should closely monitor liquidity levels to ensure the company can meet its short-term obligations effectively.
Peer comparison
Dec 31, 2024