Union Pacific Corporation (UNP)
Cash ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 1,055,000 | 750,000 | 830,000 | 1,079,000 | 973,000 | 1,267,000 | 788,000 | 909,000 | 960,000 | 1,194,000 | 1,115,000 | 1,183,000 | 1,799,000 | 2,601,000 | 2,706,000 | 1,130,000 | 831,000 | 1,250,000 | 1,049,000 | 1,059,000 |
| Short-term investments | US$ in thousands | 16,000 | 16,000 | — | — | 46,000 | 46,000 | 46,000 | 46,000 | 46,000 | 46,000 | 46,000 | 60,000 | 60,000 | 60,000 | 60,000 | 60,000 | 60,000 | 60,000 | 60,000 | 60,000 |
| Total current liabilities | US$ in thousands | 5,106,000 | 5,304,000 | 5,249,000 | 6,209,000 | 5,520,000 | 5,712,000 | 6,002,000 | 5,462,000 | 5,744,000 | 5,111,000 | 4,357,000 | 4,871,000 | 4,173,000 | 4,841,000 | 5,279,000 | 4,641,000 | 4,351,000 | 4,587,000 | 5,665,000 | 5,262,000 |
| Cash ratio | 0.21 | 0.14 | 0.16 | 0.17 | 0.18 | 0.23 | 0.14 | 0.17 | 0.18 | 0.24 | 0.27 | 0.26 | 0.45 | 0.55 | 0.52 | 0.26 | 0.20 | 0.29 | 0.20 | 0.21 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($1,055,000K
+ $16,000K)
÷ $5,106,000K
= 0.21
Based on the data provided for Union Pacific Corp.'s cash ratio over the past eight quarters, we observe fluctuations in the company's ability to cover its short-term liabilities with cash and cash equivalents. The cash ratio has ranged from a low of 0.19 in Q3 2022 to a high of 0.27 in Q3 2022, indicating variations in the company's liquidity position.
It is noteworthy that the cash ratio improved in Q4 2023 compared to the previous quarter but remains below the levels seen in Q3 2022. This suggests that while Union Pacific Corp. may have increased its cash reserves relative to its immediate obligations, there is room for further enhancement to reach the peak liquidity levels observed in the prior year.
Overall, Union Pacific Corp.'s cash ratio trend indicates a somewhat volatile liquidity position, necessitating ongoing monitoring and management of cash resources to ensure adequate coverage of short-term liabilities and operational needs.
Peer comparison
Dec 31, 2023