United Parcel Service Inc (UPS)
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 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 6,112,000 | 5,855,000 | 6,319,000 | 4,281,000 | 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 |
| Short-term investments | US$ in thousands | 206,000 | 205,000 | 213,000 | 232,000 | 2,866,000 | 2,967,000 | 3,071,000 | 3,208,000 | 1,993,000 | 331,000 | 336,000 | 337,000 | 338,000 | 348,000 | 346,000 | 351,000 | 406,000 | 402,000 | 403,000 | 505,000 |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 16,441,000 | 15,081,000 | 15,085,000 | 14,696,000 | 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 |
| Quick ratio | 0.38 | 0.40 | 0.43 | 0.31 | 0.34 | 0.46 | 0.54 | 0.58 | 0.42 | 0.64 | 0.70 | 0.74 | 0.60 | 0.68 | 0.63 | 0.50 | 0.37 | 0.60 | 0.57 | 0.60 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($6,112,000K
+ $206,000K
+ $—K)
÷ $16,441,000K
= 0.38
The quick ratio of United Parcel Service Inc has displayed some fluctuations over the past several quarters. From March 31, 2020, to December 31, 2022, the quick ratio ranged from a low of 0.37 to a high of 0.74. Notably, there was a significant improvement in the quick ratio from December 31, 2022, to March 31, 2023, with an increase from 0.42 to 0.58. However, the ratio decreased again in the following quarters, reaching a low of 0.31 on March 31, 2024. Subsequently, it showed some recovery, standing at 0.43 and 0.40 on June 30, 2024, and September 30, 2024, respectively. Overall, the quick ratio of United Parcel Service Inc reflects its ability to meet its short-term obligations using its most liquid assets, with fluctuations indicating changes in the company's liquidity position over the analyzed period.