Xerox Corp (XRX)
Quick ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 519,000 | 1,045,000 | 1,840,000 | 2,625,000 | 2,740,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Receivables | US$ in thousands | 850,000 | 857,000 | 1,860,000 | 1,965,000 | 2,394,000 |
| Total current liabilities | US$ in thousands | 2,779,000 | 3,330,000 | 2,829,000 | 2,478,000 | 3,435,000 |
| Quick ratio | 0.49 | 0.57 | 1.31 | 1.85 | 1.49 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($519,000K
+ $—K
+ $850,000K)
÷ $2,779,000K
= 0.49
The quick ratio of Xerox Holdings Corp has been declining over the past five years, from 2.19 in 2019 to 0.88 in 2023. This indicates a decreasing ability of the company to meet its short-term obligations with its most liquid assets. A quick ratio below 1 suggests that the company may have difficulty in paying off its current liabilities using only its most liquid assets. It is important for stakeholders to monitor this trend and assess the company's liquidity position in relation to its short-term obligations.
Peer comparison
Dec 31, 2023