CSX Corporation (CSX)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | 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 |
| Receivables | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 3,276,000 | 3,224,000 | 2,471,000 | 2,233,000 | 2,019,000 |
| Quick ratio | 0.31 | 0.45 | 0.84 | 1.04 | 1.55 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($933,000K
+ $72,000K
+ $—K)
÷ $3,276,000K
= 0.31
The quick ratio of CSX Corporation has decreased over the years, indicating a potential decrease in the company's short-term liquidity and ability to meet its short-term obligations using its most liquid assets. As of December 31, 2020, the quick ratio stood at a healthy level of 1.55, reflecting a strong ability to cover its short-term liabilities with its quick assets. However, by December 31, 2024, the quick ratio had declined to 0.31, signaling a significant deterioration in the company's short-term liquidity position. This downward trend in the quick ratio raises concerns about the company's ability to efficiently manage its short-term financial obligations in the future.
Peer comparison
Dec 31, 2024