Norfolk Southern Corporation (NSC)
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 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 1,641,000 | 975,000 | 659,000 | 652,000 | 1,568,000 | 1,506,000 | 556,000 | 552,000 | 456,000 | 1,214,000 | 1,259,000 | 1,571,000 | 839,000 | 1,465,000 | 1,670,000 | 998,000 | 1,115,000 | 1,359,000 | 1,143,000 | 608,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | 3,684,000 | 3,658,000 | 3,604,000 | 3,590,000 | — | — | — |
| Receivables | US$ in thousands | 1,069,000 | 1,302,000 | 1,189,000 | 1,198,000 | 1,147,000 | 1,210,000 | 1,089,000 | 1,170,000 | 1,148,000 | 1,151,000 | 1,208,000 | 1,070,000 | 976,000 | 945,000 | 941,000 | 944,000 | 848,000 | 883,000 | 822,000 | 889,000 |
| Total current liabilities | US$ in thousands | 3,545,000 | 3,677,000 | 3,667,000 | 3,447,000 | 2,632,000 | 2,914,000 | 2,986,000 | 2,824,000 | 2,649,000 | 2,798,000 | 2,609,000 | 3,147,000 | 2,521,000 | 2,410,000 | 2,796,000 | 2,249,000 | 2,160,000 | 2,005,000 | 1,935,000 | 2,236,000 |
| Quick ratio | 0.76 | 0.62 | 0.50 | 0.54 | 1.03 | 0.93 | 0.55 | 0.61 | 0.61 | 0.85 | 0.95 | 0.84 | 0.72 | 2.53 | 2.24 | 2.47 | 2.57 | 1.12 | 1.02 | 0.67 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($1,641,000K
+ $—K
+ $1,069,000K)
÷ $3,545,000K
= 0.76
The quick ratio of Norfolk Southern Corporation, which measures the company's ability to cover its short-term liabilities with its most liquid assets, has fluctuated over the period provided.
- The quick ratio was relatively low at 0.67 as of March 31, 2020, indicating a potential liquidity risk.
- However, it improved to 1.02 by June 30, 2020, and further increased to 2.57 by December 31, 2020, signaling a significant improvement in liquidity position.
- The ratio remained relatively strong through March 31, 2021, and June 30, 2021, at 2.47 and 2.24, respectively.
- There was a slight increase to 2.53 by September 30, 2021, before declining to 0.72 by December 31, 2021.
- The ratio fluctuated over the next few quarters, with values ranging from 0.54 to 1.03 as of March 31, 2024, indicating some volatility in the company's liquidity position.
- Overall, the quick ratio of Norfolk Southern Corporation has shown variability over the period, with both strong and weaker points in terms of its ability to cover short-term liabilities with its quick assets.
Peer comparison
Dec 31, 2024