XPO Logistics Inc (XPO)
Quick 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 | 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 | — | — | — |
| Receivables | US$ in thousands | 1,054,000 | 1,064,000 | 1,088,000 | 1,077,000 | 973,000 | 1,059,000 | 1,008,000 | 1,019,000 | 954,000 | 2,013,000 | 2,190,000 | 2,248,000 | 2,105,000 | 1,987,000 | 3,171,000 | 3,137,000 | 2,886,000 | 2,624,000 | 2,244,000 | 2,415,000 |
| 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 |
| Quick ratio | 0.92 | 0.92 | 0.87 | 0.81 | 0.87 | 0.93 | 0.85 | 0.86 | 0.94 | 1.05 | 1.00 | 0.95 | 0.93 | 0.89 | 0.91 | 0.90 | 0.96 | 1.27 | 1.36 | 1.05 |
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 has fluctuated over the past few years, ranging from a low of 0.81 on March 31, 2024, to a high of 1.36 on June 30, 2020.
A quick ratio above 1 indicates that the company has an adequate level of liquid assets to cover its current liabilities. From June 30, 2020, to September 30, 2022, XPO Logistics Inc maintained a quick ratio above 1, signaling a healthy liquidity position during this period.
However, the quick ratio began to decline from March 31, 2023, reaching its lowest point of 0.81 on March 31, 2024. This downward trend suggests a potential strain on the company's ability to meet its short-term obligations with its liquid assets.
Overall, the fluctuating quick ratio of XPO Logistics Inc indicates varying levels of liquidity over the analyzed periods. It is essential for the company to closely monitor and manage its liquidity position to ensure it can meet its short-term financial obligations effectively.
Peer comparison
Dec 31, 2024