Saia Inc (SAIA)

Quick 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
Cash	US$ in thousands	19,473	14,405	11,169	12,308	296,215	249,262	234,997	166,425	187,390	149,825	137,871	141,325	106,588	121,702	52,860	53,260	25,308	25,469	29,280	46,909
Short-term investments	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Receivables	US$ in thousands	367,098	380,725	383,033	345,808	312,747	345,940	299,551	294,917	313,744	335,595	357,052	322,343	276,755	295,862	262,711	242,895	216,995	226,677	206,281	217,436
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
Quick ratio		1.39	1.14	1.20	1.06	1.89	1.99	2.00	1.71	1.83	1.43	1.46	1.37	1.19	1.23	1.11	0.96	0.88	0.91	0.95	1.06

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, also known as the acid-test ratio, measures a company's ability to meet its short-term obligations using its most liquid assets. Saia Inc's quick ratio has shown fluctuations over the last few years.

From March 31, 2020, to June 30, 2020, the quick ratio decreased slightly from 1.06 to 0.95, indicating a potential decrease in the company's ability to cover its short-term liabilities with its quick assets.

Over the following quarters, the quick ratio continued to decline, reaching its lowest point of 0.88 on December 31, 2020. This could raise concerns about the company's liquidity position and its ability to meet its immediate financial obligations.

However, from March 31, 2021, there was an improvement in the quick ratio, which increased to 0.96 and subsequently continued to rise steadily over the next few quarters. By June 30, 2024, the quick ratio reached 1.20, indicating that Saia Inc was in a stronger position to cover its short-term liabilities with its quick assets.

Overall, fluctuations in the quick ratio of Saia Inc suggest varying levels of liquidity and the company's ability to meet its short-term financial obligations over the reporting periods. It is advisable to monitor these trends to assess the company's financial health and liquidity management going forward.