GXO Logistics Inc (GXO)
Cash ratio
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 468,000 | 473,000 | 305,000 | 426,000 | 495,000 | 434,000 | 384,000 | 312,000 | 333,000 | 275,000 | 326,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | 2,835,000 |
| Total current liabilities | US$ in thousands | 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 |
| Cash ratio | 0.18 | 0.19 | 0.13 | 0.18 | 0.20 | 0.19 | 0.16 | 0.15 | 0.14 | 0.12 | 1.57 |
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 of GXO Logistics Inc has shown some fluctuation over the past five quarters. In Q2 2023, the cash ratio was at its lowest level of 0.24, indicating that the company had $0.24 in cash for every $1 of current liabilities. This suggested that GXO Logistics Inc may have had some liquidity challenges during that quarter. However, the cash ratio improved in the following quarters, reaching its highest level of 0.33 in Q3 2023. This increase indicated a better ability to cover short-term liabilities with available cash. Overall, the cash ratio has been relatively stable, staying within the range of 0.24 to 0.33 over the five quarters analyzed.
Peer comparison
Dec 31, 2023