Xerox Corp (XRX)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 2,935,000 | 3,177,000 | 4,107,000 | 4,701,000 | 5,783,000 |
| Total current liabilities | US$ in thousands | 2,619,000 | 2,779,000 | 3,330,000 | 2,829,000 | 2,478,000 |
| Current ratio | 1.12 | 1.14 | 1.23 | 1.66 | 2.33 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $2,935,000K ÷ $2,619,000K
= 1.12
The current ratio of Xerox Corp has shown a decreasing trend over the years, from 2.33 in December 31, 2020, to 1.66 in December 31, 2021, further declining to 1.23 in December 31, 2022, 1.14 in December 31, 2023, and finally reaching 1.12 in December 31, 2024. This indicates that the company's ability to meet its short-term liabilities with its current assets has been weakening over time. A current ratio below 2 may raise concerns about Xerox's liquidity position and its ability to cover short-term obligations efficiently. Further analysis and monitoring of the company's liquidity management are advisable to ensure financial stability.
Peer comparison
Dec 31, 2024