CSX Corporation (CSX)
Quick 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 | 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 |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Quick 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
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 shown fluctuations over the period from March 31, 2020, to December 31, 2024.
The quick ratio, which measures the company's ability to meet its short-term obligations with its most liquid assets, started at a healthy level of 1.12 on March 31, 2020. It remained relatively stable around 1.1-1.3 range until December 31, 2020, indicating a strong liquidity position.
From March 31, 2021, to September 30, 2021, the quick ratio increased significantly to 1.87, suggesting an improvement in the company's ability to cover its current liabilities with liquid assets. However, this improvement was followed by a decline to 1.04 by the end of December 31, 2021.
The quick ratio declined further to 0.79 on March 31, 2022, and dropped to its lowest level of 0.34 by June 30, 2022, indicating potential liquidity challenges for the company during this period.
Subsequently, the quick ratio showed some recovery, reaching 0.64 on September 30, 2024, after a period of volatility. However, by December 31, 2024, the quick ratio dropped to a relatively low level of 0.31, suggesting a potential strain on CSX Corporation's liquidity position.
Overall, the trend in the quick ratio of CSX Corporation highlights periods of both strength and weakness in the company's ability to meet its short-term obligations with its liquid assets over the analyzed period. It is essential for stakeholders to monitor this ratio closely to assess the company's liquidity risk and financial health accurately.
Peer comparison
Dec 31, 2024