United Rentals Inc (URI)
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 | 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 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 2,357,000 | 2,396,000 | 2,260,000 | 2,221,000 | 2,230,000 | 2,277,000 | 2,138,000 | 2,034,000 | 2,004,000 | 1,934,000 | 1,744,000 | 1,607,000 | 1,677,000 | 1,602,000 | 1,400,000 | 1,254,000 | 1,315,000 | 1,324,000 | 1,226,000 | 1,413,000 |
| 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 |
| Quick ratio | 0.85 | 0.71 | 0.69 | 0.79 | 0.71 | 0.70 | 0.62 | 0.94 | 0.86 | 0.89 | 0.90 | 0.66 | 0.70 | 0.70 | 0.68 | 0.83 | 0.80 | 0.78 | 0.70 | 0.96 |
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, which measures the company's ability to meet its short-term obligations with its most liquid assets, has exhibited fluctuations over the periods presented. From March 31, 2020, to December 31, 2024, the quick ratio ranged from a low of 0.62 to a high of 0.96. The ratio experienced an overall decreasing trend during this period, indicating a potential tightening of liquidity or a decrease in the company's ability to quickly cover its short-term liabilities with its liquid assets.
Specifically, the quick ratio decreased from 0.96 on March 31, 2020, to 0.62 on June 30, 2023, before experiencing some fluctuations and ending at 0.85 on December 31, 2024. These fluctuations suggest potential shifts in the company's liquidity position, possibly influenced by changes in operating performance, management of working capital, or strategic decisions impacting the composition of its current assets and liabilities.
Analyzing the quick ratio trends can provide insights into United Rentals Inc's liquidity management and potential financial health over time, highlighting areas where the company may need to focus on optimizing its short-term liquidity position to meet its obligations efficiently.
Peer comparison
Dec 31, 2024