XPO Logistics Inc (XPO)
Cash ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 412,000 | 460,000 | 228,000 | 1,731,000 | 377,000 |
| Short-term investments | US$ in thousands | — | — | 32,000 | 323,000 | — |
| Total current liabilities | US$ in thousands | 1,590,000 | 1,507,000 | 2,548,000 | 5,161,000 | 3,258,000 |
| Cash ratio | 0.26 | 0.31 | 0.10 | 0.40 | 0.12 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($412,000K
+ $—K)
÷ $1,590,000K
= 0.26
The cash ratio for XPO Inc has shown fluctuations over the past five years. As of December 31, 2023, the cash ratio stands at 0.39, indicating that the company has $0.39 in cash and cash equivalents for every dollar of current liabilities.
Comparing this to the previous years, we observe that the company had a higher cash ratio in 2022 at 0.44, and 2020 at 0.48, suggesting a stronger liquidity position during those periods. Conversely, the cash ratio was lower in 2021 at 0.22 and in 2019 at 0.26, indicating a relatively weaker liquidity position during those years.
Overall, while the cash ratio has fluctuated, it is essential to consider other liquidity ratios and factors to gain a comprehensive understanding of XPO Inc's ability to meet its short-term obligations with its available cash resources.
Peer comparison
Dec 31, 2023