United Rentals Inc (URI)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 457,000 | 363,000 | 106,000 | 144,000 | 202,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Receivables | US$ in thousands | 2,357,000 | 2,230,000 | 2,004,000 | 1,677,000 | 1,315,000 |
| Total current liabilities | US$ in thousands | 3,323,000 | 3,637,000 | 2,445,000 | 2,603,000 | 1,890,000 |
| Quick ratio | 0.85 | 0.71 | 0.86 | 0.70 | 0.80 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($457,000K
+ $—K
+ $2,357,000K)
÷ $3,323,000K
= 0.85
The quick ratio of United Rentals Inc has shown slight fluctuations over the years, with values ranging from 0.70 to 0.86. The quick ratio measures the company's ability to meet its short-term liabilities with its most liquid assets. A quick ratio below 1 indicates that the company may have difficulty meeting its short-term obligations with its current quick assets alone. In United Rentals Inc's case, the quick ratio has generally been below 1, suggesting a potential risk in meeting immediate financial obligations. However, the ratio has shown some improvement in recent years, reaching a high of 0.86 by December 31, 2022. It is important for investors and stakeholders to monitor this ratio closely to assess the company's liquidity position and ability to manage short-term financial commitments effectively.
Peer comparison
Dec 31, 2024