GXO Logistics Inc (GXO)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 413,000 | 468,000 | 495,000 | 333,000 | 328,000 |
| Short-term investments | US$ in thousands | — | 2,000 | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 3,189,000 | 2,626,000 | 2,532,000 | 2,329,000 | 1,738,000 |
| Quick ratio | 0.13 | 0.18 | 0.20 | 0.14 | 0.19 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($413,000K
+ $—K
+ $—K)
÷ $3,189,000K
= 0.13
The quick ratio of GXO Logistics Inc has shown some fluctuation over the past five years. Starting at 0.19 in December 2020, the ratio decreased to 0.14 by the end of December 2021, indicating a decline in the company's ability to meet its short-term obligations with its most liquid assets. However, there was a slight improvement in the quick ratio to 0.20 by December 2022, suggesting a better liquidity position.
Subsequently, the ratio dropped again to 0.18 by December 2023, indicating potential challenges in meeting short-term debt obligations. The most recent data point for December 31, 2024, shows a quick ratio of 0.13, reflecting a further decrease in liquidity compared to the previous year. Overall, the quick ratio trend suggests some variability in the company's ability to cover its current liabilities with its quick assets over the analyzed period.
Peer comparison
Dec 31, 2024