Saia Inc (SAIA)
Cash 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 and cash equivalents | US$ in thousands | 19,473 | 14,405 | 11,169 | 12,308 | 296,215 | 249,262 | 234,997 | 166,425 | 187,390 | 149,825 | 137,871 | 141,325 | 106,588 | 121,702 | 52,860 | 53,260 | 25,308 | 25,469 | 29,280 | 46,909 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 278,360 | 346,673 | 327,828 | 337,772 | 322,056 | 299,228 | 267,294 | 270,531 | 274,085 | 338,469 | 339,149 | 339,121 | 321,348 | 338,621 | 284,895 | 307,258 | 275,754 | 275,691 | 248,094 | 249,047 |
| Cash ratio | 0.07 | 0.04 | 0.03 | 0.04 | 0.92 | 0.83 | 0.88 | 0.62 | 0.68 | 0.44 | 0.41 | 0.42 | 0.33 | 0.36 | 0.19 | 0.17 | 0.09 | 0.09 | 0.12 | 0.19 |
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 for Saia Inc has shown fluctuations over the analyzed period, starting at 0.19 in March 2020 and dropping to 0.09 by September 2020. The ratio remained at around 0.09 until March 2021 when it saw an increase to 0.17. Subsequently, there were further improvements with the ratio reaching 0.44 by September 2022. The highest cash ratio was observed at 0.92 by December 31, 2023, indicating a strong ability to cover short-term liabilities with cash and cash equivalents. However, the ratio significantly declined to 0.04 by March 2024, showing a potential liquidity challenge that needs closer attention and monitoring.
Peer comparison
Dec 31, 2024