XPO Logistics Inc (XPO)
Cash 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 and cash equivalents | US$ in thousands | 246,000 | 378,000 | 250,000 | 229,000 | 412,000 | 355,000 | 290,000 | 309,000 | 460,000 | 544,000 | 436,000 | 1,004,000 | 228,000 | 254,000 | 801,000 | 629,000 | 1,731,000 | 2,025,000 | 2,285,000 | 1,127,000 |
| Short-term investments | US$ in thousands | — | 3,000 | 1,000 | 1,000 | — | 1,000 | 2,000 | — | — | — | — | — | 32,000 | — | — | — | 323,000 | — | — | — |
| Total current liabilities | US$ in thousands | 1,420,000 | 1,563,000 | 1,542,000 | 1,622,000 | 1,590,000 | 1,522,000 | 1,533,000 | 1,546,000 | 1,507,000 | 2,442,000 | 2,634,000 | 3,432,000 | 2,548,000 | 2,527,000 | 4,377,000 | 4,176,000 | 5,161,000 | 3,648,000 | 3,329,000 | 3,385,000 |
| Cash ratio | 0.17 | 0.24 | 0.16 | 0.14 | 0.26 | 0.23 | 0.19 | 0.20 | 0.31 | 0.22 | 0.17 | 0.29 | 0.10 | 0.10 | 0.18 | 0.15 | 0.40 | 0.56 | 0.69 | 0.33 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($246,000K
+ $—K)
÷ $1,420,000K
= 0.17
The cash ratio of XPO Logistics Inc has shown fluctuations over the past few years, with values ranging from 0.10 to 0.69. The cash ratio measures the company's ability to cover its short-term liabilities with its available cash and cash equivalents. A higher cash ratio indicates a stronger ability to meet short-term obligations without relying on external sources of funding.
Based on the data provided, the cash ratio reached its peak of 0.69 on June 30, 2020, suggesting a healthy level of liquidity at that point in time. However, the ratio decreased to 0.10 by September 30, 2021, indicating a potential strain on the company's cash position to cover its short-term liabilities.
Subsequently, the cash ratio fluctuated within a range of 0.10 to 0.31 up to December 31, 2024. It is important for investors and stakeholders to monitor the cash ratio regularly to assess the company's liquidity position and ability to meet its financial obligations in the short term.
Peer comparison
Dec 31, 2024