Xerox Corp (XRX)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 2,935,000 | 3,011,000 | 3,051,000 | 3,348,000 | 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 |
| 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 |
| Current ratio | 1.12 | 1.26 | 1.49 | 1.37 | 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 |
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 fluctuating trends over the past few quarters. Starting from June 30, 2020, where the current ratio was at 1.42, it steadily increased to reach a peak of 2.33 on December 31, 2020. However, since then, the current ratio has been on a declining trend, dropping to 1.12 by December 31, 2024.
Overall, the current ratio indicates Xerox Corp's ability to meet its short-term obligations with its current assets. A current ratio above 1 suggests that the company has more current assets than current liabilities, which is generally considered favorable. However, the decreasing trend observed in the latter quarters may indicate potential liquidity challenges or changes in the company's operating environment that are affecting its ability to maintain a higher current ratio.
It would be essential for Xerox Corp to closely monitor its current ratio and assess the factors contributing to the fluctuations to ensure adequate liquidity management and financial stability in the future.
Peer comparison
Dec 31, 2024