RXO Inc. (RXO)
Quick ratio
| Dec 31, 2023 | Dec 31, 2022 | ||
|---|---|---|---|
| Cash | US$ in thousands | 5,000 | 98,000 |
| Short-term investments | US$ in thousands | — | — |
| Receivables | US$ in thousands | 743,000 | 900,000 |
| Total current liabilities | US$ in thousands | 682,000 | 823,000 |
| Quick ratio | 1.10 | 1.21 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($5,000K
+ $—K
+ $743,000K)
÷ $682,000K
= 1.10
Peer comparison
Dec 31, 2023
Company name
Symbol
Quick ratio
RXO Inc.
RXO
1.10
Booking Holdings Inc
BKNG
1.18
Expedia Group Inc.
EXPE
0.60
GATX Corporation
GATX
48.96
GXO Logistics Inc
GXO
0.85
Verra Mobility Corp
VRRM
1.73
XPO Logistics Inc
XPO
0.87