Analysis of Liquidity Ratios
Liquidity ratios measure the company ability to meet its short-term obligations.
Liquidity Ratios (Summary)
CSX Corp., liquidity ratios
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | ||
|---|---|---|---|---|---|---|
| Current ratio | 1.56 | 1.73 | 2.20 | 1.52 | 1.34 | |
| Quick ratio | 1.38 | 1.55 | 2.00 | 1.37 | 1.11 | |
| Cash ratio | 0.84 | 1.04 | 1.55 | 0.91 | 0.58 |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).
| Liquidity ratio | Description | The company |
|---|---|---|
| Current ratio | A liquidity ratio calculated as current assets divided by current liabilities. | CSX Corp. current ratio deteriorated from 2020 to 2021 and from 2021 to 2022. |
| Quick ratio | A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. | CSX Corp. quick ratio deteriorated from 2020 to 2021 and from 2021 to 2022. |
| Cash ratio | A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. | CSX Corp. cash ratio deteriorated from 2020 to 2021 and from 2021 to 2022. |
Current Ratio
CSX Corp., current ratio calculation, comparison to benchmarks
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Current assets | 3,849) | 3,873) | 4,441) | 3,278) | 2,565) | |
| Current liabilities | 2,471) | 2,233) | 2,019) | 2,151) | 1,915) | |
| Liquidity Ratio | ||||||
| Current ratio1 | 1.56 | 1.73 | 2.20 | 1.52 | 1.34 | |
| Benchmarks | ||||||
| Current Ratio, Competitors2 | ||||||
| FedEx Corp. | 1.43 | 1.51 | 1.58 | 1.45 | — | |
| Uber Technologies Inc. | 1.04 | 0.98 | 1.44 | 2.47 | — | |
| Union Pacific Corp. | 0.72 | 0.62 | 1.01 | 0.79 | — | |
| United Parcel Service Inc. | 1.22 | 1.42 | 1.19 | 1.11 | — | |
| Current Ratio, Sector | ||||||
| Transportation | 1.19 | 1.26 | 1.32 | 1.38 | — | |
| Current Ratio, Industry | ||||||
| Industrials | 1.21 | 1.30 | 1.42 | 1.19 | — | |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).
1 2022 Calculation
Current ratio = Current assets ÷ Current liabilities
= 3,849 ÷ 2,471 = 1.56
2 Click competitor name to see calculations.
| Liquidity ratio | Description | The company |
|---|---|---|
| Current ratio | A liquidity ratio calculated as current assets divided by current liabilities. | CSX Corp. current ratio deteriorated from 2020 to 2021 and from 2021 to 2022. |
Quick Ratio
CSX Corp., quick ratio calculation, comparison to benchmarks
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Cash and cash equivalents | 1,958) | 2,239) | 3,129) | 958) | 858) | |
| Short-term investments | 129) | 77) | 2) | 996) | 253) | |
| Accounts receivable, net | 1,313) | 1,148) | 912) | 986) | 1,010) | |
| Total quick assets | 3,400) | 3,464) | 4,043) | 2,940) | 2,121) | |
| Current liabilities | 2,471) | 2,233) | 2,019) | 2,151) | 1,915) | |
| Liquidity Ratio | ||||||
| Quick ratio1 | 1.38 | 1.55 | 2.00 | 1.37 | 1.11 | |
| Benchmarks | ||||||
| Quick Ratio, Competitors2 | ||||||
| FedEx Corp. | 1.31 | 1.40 | 1.45 | 1.27 | — | |
| Uber Technologies Inc. | 0.88 | 0.82 | 1.19 | 2.24 | — | |
| Union Pacific Corp. | 0.52 | 0.47 | 0.79 | 0.56 | — | |
| United Parcel Service Inc. | 1.11 | 1.32 | 1.00 | 0.99 | — | |
| Quick Ratio, Sector | ||||||
| Transportation | 1.06 | 1.14 | 1.13 | 1.21 | — | |
| Quick Ratio, Industry | ||||||
| Industrials | 0.70 | 0.78 | 0.87 | 0.71 | — | |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).
1 2022 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 3,400 ÷ 2,471 = 1.38
2 Click competitor name to see calculations.
| Liquidity ratio | Description | The company |
|---|---|---|
| Quick ratio | A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. | CSX Corp. quick ratio deteriorated from 2020 to 2021 and from 2021 to 2022. |
Cash Ratio
CSX Corp., cash ratio calculation, comparison to benchmarks
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Cash and cash equivalents | 1,958) | 2,239) | 3,129) | 958) | 858) | |
| Short-term investments | 129) | 77) | 2) | 996) | 253) | |
| Total cash assets | 2,087) | 2,316) | 3,131) | 1,954) | 1,111) | |
| Current liabilities | 2,471) | 2,233) | 2,019) | 2,151) | 1,915) | |
| Liquidity Ratio | ||||||
| Cash ratio1 | 0.84 | 1.04 | 1.55 | 0.91 | 0.58 | |
| Benchmarks | ||||||
| Cash Ratio, Competitors2 | ||||||
| FedEx Corp. | 0.48 | 0.52 | 0.47 | 0.26 | — | |
| Uber Technologies Inc. | 0.56 | 0.55 | 1.03 | 2.02 | — | |
| Union Pacific Corp. | 0.18 | 0.17 | 0.43 | 0.19 | — | |
| United Parcel Service Inc. | 0.42 | 0.60 | 0.37 | 0.37 | — | |
| Cash Ratio, Sector | ||||||
| Transportation | 0.44 | 0.51 | 0.52 | 0.59 | — | |
| Cash Ratio, Industry | ||||||
| Industrials | 0.29 | 0.35 | 0.45 | 0.34 | — | |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).
1 2022 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 2,087 ÷ 2,471 = 0.84
2 Click competitor name to see calculations.
| Liquidity ratio | Description | The company |
|---|---|---|
| Cash ratio | A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. | CSX Corp. cash ratio deteriorated from 2020 to 2021 and from 2021 to 2022. |