GXO Logistics Inc (GXO)
Quick 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 | 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 | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Quick 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
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 fluctuation over the years, reflecting the company's ability to meet its short-term obligations using its most liquid assets. The quick ratio was consistently low in the range of 0.12 to 0.22 from December 2020 to March 2022, indicating a potential liquidity risk during this period. However, there was a significant improvement in liquidity as of June 2022, with the quick ratio jumping to 1.57, suggesting the company had a substantial amount of liquid assets to cover its current liabilities.
Subsequently, from September 2022 to March 2024, the quick ratio ranged from 0.13 to 0.32, showing some variability but generally staying within a reasonable range. The quick ratio dropped sharply to 0.00 as of September 30, 2024, which might raise concerns about the company's ability to pay off its short-term obligations without selling inventory.
Overall, GXO Logistics Inc's quick ratio has exhibited a mix of strengths and weaknesses over the period, with fluctuations that may indicate changing liquidity positions and potential risks in meeting short-term financial obligations. Further analysis of the company's liquidity management practices and strategies may provide more insight into its financial health and stability.
Peer comparison
Dec 31, 2024