GXO Logistics Inc (GXO)
Cash ratio
Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
---|---|---|---|---|---|---|
Cash and cash equivalents | US$ in thousands | 413,000 | 468,000 | 495,000 | 333,000 | 328,000 |
Short-term investments | US$ in thousands | — | 2,000 | — | — | — |
Total current liabilities | US$ in thousands | 3,189,000 | 2,626,000 | 2,532,000 | 2,329,000 | 1,738,000 |
Cash ratio | 0.13 | 0.18 | 0.20 | 0.14 | 0.19 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($413,000K
+ $—K)
÷ $3,189,000K
= 0.13
The cash ratio of GXO Logistics Inc has fluctuated over the past five years. As of December 31, 2020, the cash ratio was 0.19, indicating that the company had $0.19 in cash and cash equivalents for every $1 of current liabilities. By December 31, 2021, the cash ratio had decreased to 0.14, implying a lower liquidity position compared to the previous year.
However, there was a slight improvement by December 31, 2022, with the cash ratio increasing to 0.20. This suggests that GXO Logistics had a stronger ability to cover its short-term obligations with cash on hand. The trend reversed in the following year, as of December 31, 2023, when the cash ratio dropped to 0.18, indicating a slight decrease in liquidity.
As of the most recent year ending December 31, 2024, the cash ratio further decreased to 0.13, highlighting a potential liquidity concern for GXO Logistics Inc. Overall, the company's cash ratio fluctuated over the five-year period, showing both improvements and declines in its ability to meet short-term obligations with available cash resources.
Peer comparison
Dec 31, 2024