Union Pacific Corporation (UNP)
Quick 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 | 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 |
| Receivables | US$ in thousands | 2,073,000 | 1,934,000 | 1,826,000 | 1,955,000 | 1,891,000 | 2,052,000 | 2,052,000 | 1,958,000 | 1,722,000 | 1,679,000 | 1,666,000 | 1,610,000 | 1,505,000 | 1,565,000 | 1,388,000 | 1,669,000 | 1,595,000 | 1,650,000 | 1,809,000 | 1,672,000 |
| 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 |
| Quick ratio | 0.62 | 0.51 | 0.51 | 0.49 | 0.53 | 0.59 | 0.48 | 0.53 | 0.47 | 0.57 | 0.65 | 0.59 | 0.81 | 0.87 | 0.79 | 0.62 | 0.57 | 0.65 | 0.52 | 0.53 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($1,055,000K
+ $16,000K
+ $2,073,000K)
÷ $5,106,000K
= 0.62
The quick ratio of Union Pacific Corp. has shown some variations over the past eight quarters. The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. A quick ratio below 1 indicates that the company may have difficulty meeting its short-term liabilities.
Looking at the data provided, the quick ratio fluctuated between 0.53 and 0.67 during the period. The highest quick ratio was recorded in Q4 2023 at 0.67, indicating the company had $0.67 in liquid assets available to cover each dollar of current liabilities. On the other hand, the lowest quick ratio was observed in Q2 2022 at 0.53, suggesting a lower level of liquidity compared to other quarters.
Overall, Union Pacific Corp.'s quick ratio has shown some volatility, which may indicate fluctuations in its ability to quickly cover its short-term obligations using its current liquid assets. Further analysis and comparison with industry benchmarks may provide additional insights into the company's liquidity position.
Peer comparison
Dec 31, 2023