United Rentals Inc (URI)
Cash 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 and cash equivalents | US$ in thousands | 457,000 | 479,000 | 467,000 | 429,000 | 363,000 | 284,000 | 227,000 | 99,000 | 106,000 | 76,000 | 68,000 | 101,000 | 144,000 | 320,000 | 336,000 | 278,000 | 202,000 | 174,000 | 127,000 | 513,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 3,323,000 | 4,026,000 | 3,969,000 | 3,364,000 | 3,637,000 | 3,673,000 | 3,810,000 | 2,280,000 | 2,445,000 | 2,264,000 | 2,023,000 | 2,597,000 | 2,603,000 | 2,752,000 | 2,544,000 | 1,841,000 | 1,890,000 | 1,916,000 | 1,921,000 | 1,996,000 |
| Cash ratio | 0.14 | 0.12 | 0.12 | 0.13 | 0.10 | 0.08 | 0.06 | 0.04 | 0.04 | 0.03 | 0.03 | 0.04 | 0.06 | 0.12 | 0.13 | 0.15 | 0.11 | 0.09 | 0.07 | 0.26 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($457,000K
+ $—K)
÷ $3,323,000K
= 0.14
United Rentals Inc's cash ratio has shown fluctuations over the past few years. Starting at 0.26 on March 31, 2020, the ratio decreased significantly to 0.07 on June 30, 2020, indicating a lower level of cash to cover its current liabilities. There was a slight improvement in the cash ratio to 0.15 on March 31, 2021, suggesting an increase in liquidity.
However, the ratio fluctuated around 0.1 during the next few quarters but dropped to 0.03 by June 30, 2022. This decrease indicates a potential liquidity challenge as the company may not have sufficient cash on hand to meet its short-term obligations.
The cash ratio improved slightly through 2023, reaching 0.10 by December 31. This upward trend continued into 2024, with the cash ratio reaching 0.14 by the end of December. Although the ratio improved, it is still relatively low, indicating that United Rentals Inc may need to enhance its cash management strategies to ensure adequate liquidity to meet its short-term obligations.
Peer comparison
Dec 31, 2024