Saia Inc (SAIA)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 435,769 | 648,694 | 530,886 | 416,255 | 271,696 |
| Total current liabilities | US$ in thousands | 278,360 | 322,056 | 274,085 | 321,348 | 275,754 |
| Current ratio | 1.57 | 2.01 | 1.94 | 1.30 | 0.99 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $435,769K ÷ $278,360K
= 1.57
The current ratio of Saia Inc has shown a consistent improvement over the past five years, indicating a strengthening liquidity position. Starting at 0.99 in December 31, 2020, the ratio has steadily increased to 1.30 in December 31, 2021, further to 1.94 in December 31, 2022, and slightly improved to 2.01 in December 31, 2023. However, there was a slight decrease to 1.57 in December 31, 2024. Overall, the current ratio has been above 1, suggesting that Saia Inc has more current assets to cover its current liabilities, reflecting a healthy liquidity position in the recent years.
Peer comparison
Dec 31, 2024