RXO Inc. (RXO)
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 35 | 55,000 | 7,000 | 7,000 | 5,000 | 104,000 | 124,000 | 121,000 | 98,000 | 187,000 | 212,000 | 46,000 | 29,000 |
| Short-term investments | US$ in thousands | — | 54,945 | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 1,066 | 947,000 | 662,000 | 674,000 | 682,000 | 728,000 | 699,000 | 820,000 | 839,000 | 888,000 | 957,000 | 1,063,000 | 816,000 |
| Quick ratio | 0.03 | 0.12 | 0.01 | 0.01 | 0.01 | 0.14 | 0.18 | 0.15 | 0.12 | 0.21 | 0.22 | 0.04 | 0.04 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($35K
+ $—K
+ $—K)
÷ $1,066K
= 0.03
The quick ratio of RXO Inc. provides insight into the company's ability to meet its short-term obligations with its most liquid assets. Based on the provided data, the quick ratio fluctuated over the reporting periods, ranging from a low of 0.01 to a high of 0.22.
In December 2021, March 2022, and June 2022, the quick ratio remained stable at 0.04, indicating that the company had limited liquid assets relative to its current liabilities during these periods. However, by June 30, 2022, the ratio improved significantly to 0.22, reflecting an increase in liquid assets compared to short-term obligations.
The quick ratio continued to show variability in subsequent periods, with fluctuations observed in September 2022, December 2022, and March 2023. The ratio ranged from 0.12 to 0.18 during these quarters, suggesting that the company's liquidity position was subject to some volatility.
By September 30, 2023, the quick ratio declined to 0.14, indicating a slight decrease in the company's ability to cover its short-term liabilities with liquid assets. This trend persisted into December 31, 2023, and March 31, 2024, where the quick ratio remained low at 0.01.
In the most recent periods, the quick ratio showed some improvement, reaching 0.12 on June 30, 2024, before declining to 0.03 by December 31, 2024. Overall, the fluctuating nature of RXO Inc.'s quick ratio suggests varying levels of liquidity and raises potential concerns about the company's ability to meet its short-term obligations consistently.
Peer comparison
Dec 31, 2024