Saia Inc (SAIA)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 648,694 | 530,886 | 416,255 | 271,696 | 232,379 |
| Total current liabilities | US$ in thousands | 322,056 | 274,085 | 321,348 | 275,754 | 241,246 |
| Current ratio | 2.01 | 1.94 | 1.30 | 0.99 | 0.96 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $648,694K ÷ $322,056K
= 2.01
The current ratio of Saia Inc. has shown an improving trend over the past five years. It has increased steadily from 0.96 in 2019 to 2.01 in 2023. This indicates that the company's ability to meet its short-term obligations with its current assets has strengthened over the period. The ratio surpassed the ideal threshold of 1.0 in 2020 and has maintained a healthy level since then. Saia Inc. appears to have a strong liquidity position, with more than double current assets compared to current liabilities in 2023, providing a buffer to cover short-term obligations. The trend suggests that the company's financial health has improved, as it has become more capable of meeting its immediate financial commitments.
Peer comparison
Dec 31, 2023