United Parcel Service Inc (UPS)

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 3,206,000 4,311,000 4,812,000 6,190,000 5,602,000 11,045,000 11,735,000 12,208,000 10,255,000 10,212,000 9,608,000 7,731,000 5,910,000 8,839,000 8,813,000 8,955,000 5,238,000 4,040,000 4,072,000 4,399,000
Short-term investments US$ in thousands 2,866,000 2,967,000 3,071,000 6,410,000 3,984,000 660,000 670,000 672,000 674,000 694,000 346,000 351,000 406,000 402,000 403,000 505,000 503,000 498,000 725,000 712,000
Receivables US$ in thousands 11,216,000 9,461,000 9,587,000 10,299,000 12,583,000 10,975,000 11,396,000 11,199,000 12,541,000 10,474,000 10,137,000 10,127,000 10,750,000 8,993,000 9,230,000 8,126,000 9,934,000 7,951,000 8,071,000 7,613,000
Total current liabilities US$ in thousands 17,676,000 15,817,000 14,686,000 16,262,000 18,140,000 17,679,000 17,337,000 16,842,000 17,569,000 15,472,000 15,770,000 16,306,000 17,016,000 15,456,000 16,271,000 15,846,000 15,413,000 12,835,000 13,633,000 13,209,000
Quick ratio 0.98 1.06 1.19 1.41 1.22 1.28 1.37 1.43 1.34 1.38 1.27 1.12 1.00 1.18 1.13 1.11 1.02 0.97 0.94 0.96

December 31, 2023 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($3,206,000K + $2,866,000K + $11,216,000K) ÷ $17,676,000K
= 0.98

The quick ratio of United Parcel Service, Inc. has shown a declining trend over the past eight quarters, decreasing from 1.52 in Q1 2022 to 1.10 in Q4 2023. This indicates that the company's ability to meet its short-term liabilities with its most liquid assets has weakened over time. However, it is noteworthy that the quick ratio has generally remained above 1, suggesting that the company still has an adequate level of liquid assets to cover its short-term obligations. Further analysis is recommended to understand the factors contributing to this downward trend and assess the overall liquidity position of the company.


See also:

United Parcel Service Inc Quick Ratio (Quarterly Data)