Saia Inc (SAIA)

Current 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
Total current assets	US$ in thousands	435,769	437,347	446,061	416,260	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
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
Current ratio		1.57	1.26	1.36	1.23	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

December 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $435,769K ÷ $278,360K
= 1.57

The current ratio of Saia Inc indicates its ability to meet short-term obligations with its current assets. The ratio has shown fluctuations over the past few years. Saia Inc's current ratio was relatively stable between March 31, 2020, and March 31, 2022, ranging from 1.02 to 1.51. This suggests the company had a decent level of current assets to cover its short-term liabilities during this period.

However, from June 30, 2022, to September 30, 2023, there was a notable improvement in the current ratio, reaching a peak of 2.17 on June 30, 2023. This sharp increase indicates that Saia Inc significantly increased its current assets relative to its current liabilities, enhancing its liquidity position.

Subsequently, the current ratio decreased to 2.01 by December 31, 2023, and further dropped to 1.23 by March 31, 2024, and 1.26 by September 30, 2024. These declining trends could suggest a reduction in current assets or an increase in short-term liabilities, potentially impacting the company's ability to meet its short-term obligations.

Overall, while the current ratio of Saia Inc has shown fluctuations, it is important to closely monitor the trend to ensure the company maintains a healthy liquidity position and effectively manages its short-term financial obligations.