Saia Inc (SAIA)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 19,473 | 296,215 | 187,390 | 106,588 | 25,308 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Receivables | US$ in thousands | 367,098 | 312,747 | 313,744 | 276,755 | 216,995 |
| Total current liabilities | US$ in thousands | 278,360 | 322,056 | 274,085 | 321,348 | 275,754 |
| Quick ratio | 1.39 | 1.89 | 1.83 | 1.19 | 0.88 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($19,473K
+ $—K
+ $367,098K)
÷ $278,360K
= 1.39
The quick ratio of Saia Inc has shown a positive trend over the past five years. Starting at 0.88 on December 31, 2020, the ratio has consistently improved, reaching 1.19 by December 31, 2021, and further increasing to 1.83 on December 31, 2022. This upward trend continued with a ratio of 1.89 on December 31, 2023, indicating an improvement in the company's short-term liquidity position. However, there was a slight decrease to 1.39 on December 31, 2024, which is still at an acceptable level overall. The increasing trend in the quick ratio suggests that Saia Inc has been effectively managing its current liabilities in relation to its liquid assets, which is a positive indicator of the company's ability to meet its short-term obligations.
Peer comparison
Dec 31, 2024