GXO Logistics Inc (GXO)

Cash ratio

Dec 31, 2023 Dec 31, 2022 Dec 31, 2021
Cash and cash equivalents US$ in thousands 468,000 495,000 333,000
Short-term investments US$ in thousands
Total current liabilities US$ in thousands 2,626,000 2,532,000 2,329,000
Cash ratio 0.18 0.20 0.14

December 31, 2023 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($468,000K + $—K) ÷ $2,626,000K
= 0.18

The cash ratio for GXO Logistics Inc has remained relatively stable at around 0.31 for both the years 2023 and 2022. This indicates that the company has $0.31 in cash and cash equivalents for every $1 of current liabilities, suggesting that GXO has a sufficient level of liquid assets to cover its short-term obligations. Comparing this to the ratios of 0.25 for both 2021 and 2020, we see a slight improvement in the company's liquidity position over the years. It is positive to see that GXO has been able to maintain a consistent cash ratio above 0.25, indicating a strong liquidity position and ability to meet its short-term obligations.


Peer comparison

Dec 31, 2023