Xerox Corp (XRX)
Current ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 3,177,000 | 3,354,000 | 3,390,000 | 3,640,000 | 4,107,000 | 3,895,000 | 4,102,000 | 4,566,000 | 4,701,000 | 5,236,000 | 5,175,000 | 5,420,000 | 5,783,000 | 6,541,000 | 5,391,000 | 5,977,000 | 6,140,000 | 4,340,000 |
| Total current liabilities | US$ in thousands | 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 | 3,373,000 | 3,435,000 | 3,923,000 |
| Current ratio | 1.14 | 1.12 | 1.15 | 1.26 | 1.23 | 1.17 | 1.20 | 1.21 | 1.66 | 1.88 | 1.92 | 2.05 | 2.33 | 1.97 | 1.42 | 1.77 | 1.79 | 1.11 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $3,177,000K ÷ $2,779,000K
= 1.14
Xerox Holdings Corp's current ratio has shown fluctuations over the past eight quarters. In Q4 2023, the current ratio stood at 1.14, indicating that the company had $1.14 in current assets for every $1 in current liabilities. This represents an improvement from the previous quarter where the current ratio was 0.61.
However, when compared to the same quarter in the previous year, Q4 2022, where the current ratio was 1.23, the current financial position seems weaker. The current ratio has been below 1 for three out of the last eight quarters, which may raise concerns about the company's ability to meet its short-term obligations with its current assets.
Overall, Xerox Holdings Corp's current ratio has shown volatility, with fluctuations in the company's liquidity position. It may be important to further investigate the reasons behind these fluctuations and monitor the trend over time to assess the company's short-term liquidity risk.
Peer comparison
Dec 31, 2023