XPO Logistics Inc (XPO)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,593,000 | 1,613,000 | 1,522,000 | 1,565,000 | 1,630,000 | 2,831,000 | 2,916,000 | 3,555,000 | 2,687,000 | 2,550,000 | 4,464,000 | 4,271,000 | 5,378,000 | 5,084,000 | 5,030,000 | 4,006,000 | 3,342,000 | 3,426,000 | 3,790,000 | 3,683,000 |
| Total current liabilities | US$ in thousands | 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 | 3,258,000 | 3,207,000 | 3,671,000 | 3,441,000 |
| Current ratio | 1.00 | 1.06 | 0.99 | 1.01 | 1.08 | 1.16 | 1.11 | 1.04 | 1.05 | 1.01 | 1.02 | 1.02 | 1.04 | 1.39 | 1.51 | 1.18 | 1.03 | 1.07 | 1.03 | 1.07 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,593,000K ÷ $1,590,000K
= 1.00
The current ratio of XPO Inc has been fluctuating over the past eight quarters. In Q4 2023, the current ratio was 1.00, down slightly from the previous quarter's ratio of 1.06. This indicates that the company may have slightly fewer current assets relative to its current liabilities in the most recent quarter.
Looking at the trend over the past year, the current ratio has seen some variations, but has generally been above 1, implying that XPO Inc has had, on average, sufficient current assets to cover its current liabilities. The highest current ratio was observed in Q3 2022 at 1.16, suggesting a stronger liquidity position at that point in time.
It is important to note that while a current ratio above 1 typically indicates good short-term financial health, a ratio that is too high may suggest inefficiency in managing current assets. Therefore, it is essential for XPO Inc to monitor its current ratio closely and ensure that it maintains an appropriate balance between current assets and liabilities to support its operations efficiently.
Peer comparison
Dec 31, 2023