Saia Inc (SAIA)

Current 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
Total current assets	US$ in thousands	648,694	645,593	578,869	513,514	530,886	551,402	536,376	510,666	416,255	450,609	353,881	348,315	271,696	280,117	269,643	305,908	232,379	249,709	261,389	241,087
Total current liabilities	US$ in thousands	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	241,246	244,081	237,190	211,466
Current ratio		2.01	2.16	2.17	1.90	1.94	1.63	1.58	1.51	1.30	1.33	1.24	1.13	0.99	1.02	1.09	1.23	0.96	1.02	1.10	1.14

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 improvement over the past eight quarters, increasing from 1.51 in Q1 2022 to 2.01 in Q4 2023. This indicates the company's ability to meet its short-term obligations using its current assets has strengthened over time.

Throughout the quarters, the current ratio has generally been above 1, implying that Saia Inc. possesses more current assets than current liabilities. This signifies a healthy liquidity position for the company, as it suggests that it has the capability to cover its short-term debts and financial obligations.

The current ratio peaked at 2.17 in Q2 2023 and although it slightly decreased in subsequent quarters, it remained above 2. This indicates that Saia Inc. has been efficiently managing its current assets and liabilities to maintain a strong liquidity position.

Overall, the upward trend in the current ratio demonstrates Saia Inc.'s improving liquidity position and ability to meet its short-term financial obligations, which is a positive signal for investors and creditors.