Rush Enterprises A Inc (RUSHA)

Quick 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
Cash	US$ in thousands	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	181,620	86,117	111,346	126,572
Short-term investments	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Receivables	US$ in thousands	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	200,646	232,688	242,543	213,749
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
Quick ratio		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	0.25	0.21	0.21	0.21

December 31, 2023 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($183,725K + $—K + $282,986K) ÷ $1,673,310K
= 0.28

The quick ratio of Rush Enterprises A Inc has fluctuated over the periods provided in the table. The quick ratio measures a company's ability to cover its short-term liabilities with its most liquid assets. A quick ratio below 1 indicates that the company may have difficulty meeting its short-term obligations.

Looking at the trend, the quick ratio has generally been below 1, indicating that Rush Enterprises A Inc may have had challenges in meeting its short-term obligations with its liquid assets alone. However, there was a slight improvement in the quick ratio in the most recent quarter compared to the previous quarter, suggesting a potential strengthening of liquidity position.

Overall, the quick ratio of Rush Enterprises A Inc has varied over time, highlighting the importance of closely monitoring liquidity levels to ensure the company can meet its short-term financial obligations.