Union Pacific Corporation (UNP)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 4,148,000 | 3,813,000 | 3,752,000 | 4,058,000 | 3,952,000 | 4,405,000 | 3,976,000 | 3,876,000 | 3,551,000 | 3,810,000 | 3,764,000 | 3,719,000 | 4,214,000 | 5,130,000 | 5,083,000 | 3,804,000 | 3,459,000 | 4,073,000 | 4,086,000 | 3,953,000 |
| 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 |
| Current ratio | 0.81 | 0.72 | 0.71 | 0.65 | 0.72 | 0.77 | 0.66 | 0.71 | 0.62 | 0.75 | 0.86 | 0.76 | 1.01 | 1.06 | 0.96 | 0.82 | 0.79 | 0.89 | 0.72 | 0.75 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $4,148,000K ÷ $5,106,000K
= 0.81
The current ratio of Union Pacific Corp. has been fluctuating over the past eight quarters, ranging from a low of 0.65 to a high of 0.81. A current ratio below 1 indicates that the company may have difficulties meeting its short-term obligations with its current assets alone.
The downward trend in the current ratio from Q1 2022 to Q1 2023 suggests that the company's current liabilities may be increasing at a faster rate than its current assets. This could potentially signal liquidity concerns for Union Pacific Corp. and may require further investigation into its financial management and operational efficiency.
It is important for stakeholders to closely monitor the current ratio of the company in order to assess its ability to cover its short-term liabilities and judge its financial health in the near term.
Peer comparison
Dec 31, 2023