XPO Logistics Inc (XPO)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 246,000 | 412,000 | 460,000 | 228,000 | 1,731,000 |
| Short-term investments | US$ in thousands | — | — | — | 32,000 | 323,000 |
| Receivables | US$ in thousands | 1,054,000 | 973,000 | 954,000 | 2,105,000 | 2,886,000 |
| Total current liabilities | US$ in thousands | 1,420,000 | 1,590,000 | 1,507,000 | 2,548,000 | 5,161,000 |
| Quick ratio | 0.92 | 0.87 | 0.94 | 0.93 | 0.96 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($246,000K
+ $—K
+ $1,054,000K)
÷ $1,420,000K
= 0.92
The quick ratio of XPO Logistics Inc indicates the company's ability to meet its short-term financial obligations using its most liquid assets. Over the period from December 31, 2020, to December 31, 2024, the quick ratio has ranged from 0.87 to 0.96.
The trend shows a slight fluctuation in the quick ratio, with a peak of 0.96 in December 31, 2020, and a low of 0.87 by December 31, 2023. A quick ratio below 1 suggests that the company may have difficulty meeting its short-term liabilities using only its liquid assets.
Overall, the quick ratio remained relatively stable around the 0.9 range, indicating that XPO Logistics Inc might need to closely monitor its liquidity position to ensure it can cover its liabilities as they come due.
Peer comparison
Dec 31, 2024