CSX Corporation (CSX)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 933,000 | 1,353,000 | 1,958,000 | 2,239,000 | 3,129,000 |
| Short-term investments | US$ in thousands | 72,000 | 83,000 | 129,000 | 77,000 | 2,000 |
| Total current liabilities | US$ in thousands | 3,276,000 | 3,224,000 | 2,471,000 | 2,233,000 | 2,019,000 |
| Cash ratio | 0.31 | 0.45 | 0.84 | 1.04 | 1.55 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($933,000K
+ $72,000K)
÷ $3,276,000K
= 0.31
The cash ratio of CSX Corporation has exhibited a declining trend over the years, decreasing from 1.55 in December 2020 to 0.31 in December 2024. This indicates that the company's ability to cover its short-term obligations with its cash and cash equivalents has been weakening over time. A cash ratio below 1 suggests that the company may not have sufficient liquid assets to meet its current liabilities, which could potentially lead to liquidity challenges. It is important for investors and stakeholders to monitor this ratio closely to assess the company's liquidity position and financial health.
Peer comparison
Dec 31, 2024