CSX Corporation (CSX)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 2,820,000 | 3,384,000 | 3,849,000 | 3,873,000 | 4,441,000 |
| Total current liabilities | US$ in thousands | 3,276,000 | 3,224,000 | 2,471,000 | 2,233,000 | 2,019,000 |
| Current ratio | 0.86 | 1.05 | 1.56 | 1.73 | 2.20 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $2,820,000K ÷ $3,276,000K
= 0.86
The current ratio of CSX Corporation has shown a decreasing trend over the past five years, starting at 2.20 in December 2020 and declining to 0.86 by December 2024. This indicates that the company may be facing challenges in meeting its short-term liabilities with its current assets. A current ratio below 1 suggests potential liquidity issues, as the company may be unable to cover its short-term obligations with its current assets alone. It is essential for CSX Corporation to closely monitor its liquidity position and take necessary measures to ensure sufficient liquidity to meet its financial obligations in a timely manner.
Peer comparison
Dec 31, 2024