CSX Corporation (CSX)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 3,384,000 | 3,849,000 | 3,873,000 | 4,441,000 | 3,278,000 |
| Total current liabilities | US$ in thousands | 3,224,000 | 2,471,000 | 2,233,000 | 2,019,000 | 2,151,000 |
| Current ratio | 1.05 | 1.56 | 1.73 | 2.20 | 1.52 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $3,384,000K ÷ $3,224,000K
= 1.05
The current ratio of CSX Corp. has seen fluctuations over the past five years. The ratio stood at 1.05 in 2023, indicating that the company may have slightly less current assets to cover its current liabilities. This is a decrease compared to the previous year's ratio of 1.56. In 2021 and 2020, the current ratio was 1.73 and 2.20 respectively, suggesting improved liquidity and the company's ability to meet short-term obligations comfortably. However, in 2019, the ratio dipped to 1.52, indicating a lower level of liquidity compared to the following years. Overall, the current ratio trend for CSX Corp. reflects some variability, with fluctuations in the company's ability to meet its short-term obligations with its current assets.
Peer comparison
Dec 31, 2023