GXO Logistics Inc (GXO)
Cash 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 413,000 | 548,000 | 469,000 | 423,000 | 468,000 | 473,000 | 305,000 | 426,000 | 495,000 | 434,000 | 384,000 | 312,000 | 333,000 | 275,000 | 326,000 | 414,000 | 328,000 |
| Short-term investments | US$ in thousands | — | -547,452 | — | 422,577 | 2,000 | — | — | — | — | — | — | — | — | — | 2,835,000 | — | — |
| Total current liabilities | US$ in thousands | 3,189,000 | 3,432,000 | 3,269,000 | 2,625,000 | 2,626,000 | 2,434,000 | 2,403,000 | 2,421,000 | 2,532,000 | 2,275,000 | 2,364,000 | 2,122,000 | 2,329,000 | 2,245,000 | 2,009,000 | 1,894,000 | 1,738,000 |
| Cash ratio | 0.13 | 0.00 | 0.14 | 0.32 | 0.18 | 0.19 | 0.13 | 0.18 | 0.20 | 0.19 | 0.16 | 0.15 | 0.14 | 0.12 | 1.57 | 0.22 | 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 shown fluctuations over the analyzed period from December 31, 2020, to December 31, 2024. A cash ratio below 1 indicates that the company may not have enough cash and cash equivalents to cover its current liabilities.
The ratio increased from 0.19 on December 31, 2020, to 1.57 on June 30, 2021, which suggests an improvement in the company's liquidity position. However, the ratio decreased to 0.12 on September 30, 2021, indicating a potential cash shortage.
The company's cash ratio fluctuated between 0.12 and 0.32 during the subsequent periods, with the lowest value of 0.00 on September 30, 2024. This significant drop may raise concerns about the company's ability to meet its short-term obligations with available cash.
Overall, GXO Logistics Inc's cash ratio trend indicates varying levels of liquidity over time, highlighting the importance of monitoring the company's cash position to ensure it can meet its short-term financial obligations.
Peer comparison
Dec 31, 2024