Xerox Corp (XRX)
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 576,000 | 521,000 | 485,000 | 685,000 | 519,000 | 532,000 | 477,000 | 591,000 | 1,045,000 | 932,000 | 1,151,000 | 1,681,000 | 1,840,000 | 2,209,000 | 2,124,000 | 2,379,000 | 2,625,000 | 3,242,000 | 2,272,000 |
| Short-term investments | US$ in thousands | — | -26,000 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 2,619,000 | 2,393,000 | 2,046,000 | 2,438,000 | 2,779,000 | 3,006,000 | 2,949,000 | 2,879,000 | 3,330,000 | 3,343,000 | 3,415,000 | 3,769,000 | 2,829,000 | 2,784,000 | 2,691,000 | 2,645,000 | 2,478,000 | 3,327,000 | 3,791,000 |
| Cash ratio | 0.22 | 0.21 | 0.24 | 0.28 | 0.19 | 0.18 | 0.16 | 0.21 | 0.31 | 0.28 | 0.34 | 0.45 | 0.65 | 0.79 | 0.79 | 0.90 | 1.06 | 0.97 | 0.60 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($576,000K
+ $—K)
÷ $2,619,000K
= 0.22
The cash ratio of Xerox Corp has experienced fluctuations over the given periods. The ratio measures the company's ability to cover its short-term liabilities with cash and cash equivalents.
From June 30, 2020, to December 31, 2021, the cash ratio generally increased, indicating an improvement in Xerox's liquidity position. However, from March 31, 2022, to June 30, 2024, the ratio declined consistently, which may suggest a decrease in the company's ability to cover its short-term obligations with its available cash.
Overall, Xerox Corp's cash ratio demonstrates variability, with periods of both improvement and decline. Analysts may further investigate the underlying reasons for these fluctuations to assess the company's liquidity management strategies and financial health.
Peer comparison
Dec 31, 2024