Saia Inc (SAIA)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 19,473 | 296,215 | 187,390 | 106,588 | 25,308 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 278,360 | 322,056 | 274,085 | 321,348 | 275,754 |
| Cash ratio | 0.07 | 0.92 | 0.68 | 0.33 | 0.09 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($19,473K
+ $—K)
÷ $278,360K
= 0.07
The cash ratio of Saia Inc has shown fluctuations over the years, starting at a low of 0.09 on December 31, 2020, increasing to 0.33 by December 31, 2021, further improving to 0.68 by December 31, 2022, and reaching a peak of 0.92 on December 31, 2023. However, there was a significant decrease to 0.07 by December 31, 2024. The cash ratio measures a company's ability to cover its short-term liabilities with its cash and cash equivalents. A higher cash ratio indicates greater liquidity and financial stability, while a lower ratio may suggest potential difficulties in meeting short-term obligations. It would be important for Saia Inc to assess the reasons behind the sharp decrease in the cash ratio in 2024 and take appropriate measures to effectively manage its cash position going forward.
Peer comparison
Dec 31, 2024