CSX Corporation (CSX)
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 | 933,000 | 1,644,000 | 1,238,000 | 1,483,000 | 1,353,000 | 1,360,000 | 956,000 | 1,291,000 | 1,958,000 | 2,311,000 | 724,000 | 1,936,000 | 2,239,000 | 2,179,000 | 2,986,000 | 2,955,000 | 3,129,000 | 2,898,000 | 2,391,000 | 1,995,000 |
| Short-term investments | US$ in thousands | 72,000 | 12,000 | 4,000 | 2,000 | 83,000 | 79,000 | 78,000 | 178,000 | 129,000 | 88,000 | 88,000 | 96,000 | 77,000 | 2,059,000 | 4,000 | 2,000 | 2,000 | 1,000 | 203,000 | 487,000 |
| Total current liabilities | US$ in thousands | 3,276,000 | 2,569,000 | 2,739,000 | 3,024,000 | 3,224,000 | 2,934,000 | 2,055,000 | 2,321,000 | 2,471,000 | 2,508,000 | 2,393,000 | 2,575,000 | 2,233,000 | 2,268,000 | 1,951,000 | 1,800,000 | 2,019,000 | 2,294,000 | 2,347,000 | 2,211,000 |
| Cash ratio | 0.31 | 0.64 | 0.45 | 0.49 | 0.45 | 0.49 | 0.50 | 0.63 | 0.84 | 0.96 | 0.34 | 0.79 | 1.04 | 1.87 | 1.53 | 1.64 | 1.55 | 1.26 | 1.11 | 1.12 |
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 shown fluctuation over the periods provided. The ratio started at a relatively stable level above 1.0 in March 2020, showcasing the company's ability to cover its short-term obligations with cash on hand. However, there was a decline in the ratio in mid-2021, indicating a potential decrease in the company's liquid assets. This was followed by a significant increase in the cash ratio in late 2021, suggesting a strengthened cash position.
Subsequently, the cash ratio experienced a downward trend starting from the first quarter of 2022 until the third quarter of 2023, indicating a potential strain on the company's liquidity position. The ratio then slightly increased in the fourth quarter of 2023 but remained below 1.0, highlighting a reduced ability to cover short-term obligations solely with cash.
In the last two reported quarters, ending in September and December 2024, the cash ratio saw mixed results with a slight increase in the third quarter and a decline in the fourth quarter, indicating ongoing volatility in the company's cash position. Overall, the fluctuating cash ratio of CSX Corporation suggests varying levels of liquidity and potential implications for its financial stability and ability to meet short-term financial obligations.
Peer comparison
Dec 31, 2024