XPO Logistics Inc (XPO)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,505,000 | 1,654,000 | 1,548,000 | 1,528,000 | 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 |
| 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 |
| Current ratio | 1.06 | 1.06 | 1.00 | 0.94 | 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 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,505,000K ÷ $1,420,000K
= 1.06
The current ratio of XPO Logistics Inc has fluctuated over the past few years, indicating changes in its short-term liquidity position. Starting at 1.18 in March 2020, the ratio improved to 1.51 by June 2020, suggesting a strengthening ability to cover its short-term obligations. However, the ratio dipped to 1.02 by March 2021 and remained relatively stable around that level until September 2021, signaling a potential strain on short-term liquidity.
There was a slight uptick to 1.05 by December 2021, but the ratio fluctuated around the 1.00 mark throughout 2022 and 2023. Notably, the current ratio fell to 0.94 by March 2024, indicating a potential difficulty in meeting short-term obligations with current assets.
However, there was improvement in the ratio by June 2024, reaching 1.00, and further increasing to 1.06 by December 2024. This may suggest a better short-term liquidity position and an ability to cover current liabilities more comfortably.
Overall, the current ratio trend of XPO Logistics Inc reflects fluctuations in its short-term liquidity position, with some periods of strength and others of potential strain. It is important for stakeholders to monitor these changes to assess the company's ability to meet its short-term obligations effectively.
Peer comparison
Dec 31, 2024