Analysis of Liquidity Ratios
Quarterly Data
Liquidity ratios measure the company ability to meet its short-term obligations.
Liquidity Ratios (Summary)
CSX Corp., liquidity ratios (quarterly data)
Based on: 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
| Liquidity ratio | Description | The company |
|---|---|---|
| Current ratio | A liquidity ratio calculated as current assets divided by current liabilities. | CSX Corp. current ratio deteriorated from Q3 2022 to Q4 2022 and from Q4 2022 to Q1 2023. |
| 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 Q3 2022 to Q4 2022 and from Q4 2022 to Q1 2023. |
| Cash ratio | A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. | CSX Corp. cash ratio deteriorated from Q3 2022 to Q4 2022 and from Q4 2022 to Q1 2023. |
Current Ratio
CSX Corp., current ratio calculation (quarterly data)
| 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 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||
| Current assets | 3,355) | 3,849) | 4,310) | 2,784) | 3,757) | 3,873) | 3,897) | 4,573) | 4,305) | 4,441) | 4,228) | 3,791) | 3,821) | 3,278) | 3,960) | 3,186) | 3,479) | 2,565) | 2,784) | 2,881) | 3,542) | |||||||
| Current liabilities | 2,321) | 2,471) | 2,508) | 2,393) | 2,575) | 2,233) | 2,268) | 1,951) | 1,800) | 2,019) | 2,294) | 2,347) | 2,211) | 2,151) | 2,805) | 2,053) | 1,926) | 1,915) | 1,944) | 1,732) | 1,891) | |||||||
| Liquidity Ratio | ||||||||||||||||||||||||||||
| Current ratio1 | 1.45 | 1.56 | 1.72 | 1.16 | 1.46 | 1.73 | 1.72 | 2.34 | 2.39 | 2.20 | 1.84 | 1.62 | 1.73 | 1.52 | 1.41 | 1.55 | 1.81 | 1.34 | 1.43 | 1.66 | 1.87 | |||||||
| Benchmarks | ||||||||||||||||||||||||||||
| Current Ratio, Competitors2 | ||||||||||||||||||||||||||||
| FedEx Corp. | 1.42 | 1.43 | 1.39 | 1.49 | 1.51 | 1.51 | 1.60 | 1.76 | 1.69 | 1.58 | 1.21 | 1.25 | 1.31 | 1.45 | 1.46 | 1.42 | 1.32 | — | — | — | — | |||||||
| Uber Technologies Inc. | 1.06 | 1.04 | 1.04 | 0.98 | 1.00 | 0.98 | 1.19 | 1.01 | 1.14 | 1.44 | 1.36 | 1.64 | 1.68 | 2.47 | 2.82 | 2.57 | 1.68 | — | — | — | — | |||||||
| Union Pacific Corp. | 0.65 | 0.72 | 0.77 | 0.66 | 0.71 | 0.62 | 0.75 | 0.86 | 0.76 | 1.01 | 1.06 | 0.96 | 0.82 | 0.79 | 0.89 | 0.72 | 0.75 | — | — | — | — | |||||||
| United Parcel Service Inc. | 1.34 | 1.22 | 1.39 | 1.47 | 1.52 | 1.42 | 1.48 | 1.39 | 1.29 | 1.19 | 1.29 | 1.24 | 1.22 | 1.11 | 1.11 | 1.09 | 1.13 | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
1 Q1 2023 Calculation
Current ratio = Current assets ÷ Current liabilities
= 3,355 ÷ 2,321 = 1.45
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 Q3 2022 to Q4 2022 and from Q4 2022 to Q1 2023. |
Quick Ratio
CSX Corp., quick ratio calculation (quarterly data)
| 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 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||
| Cash and cash equivalents | 1,291) | 1,958) | 2,311) | 724) | 1,936) | 2,239) | 2,179) | 2,986) | 2,955) | 3,129) | 2,898) | 2,391) | 1,995) | 958) | 1,521) | 853) | 1,188) | 858) | 663) | 1,320) | 1,980) | |||||||
| Short-term investments | 178) | 129) | 88) | 88) | 96) | 77) | —) | 4) | 2) | 2) | 1) | 203) | 487) | 996) | 1,037) | 878) | 822) | 253) | 615) | 83) | 10) | |||||||
| Accounts receivable, net | 1,377) | 1,313) | 1,467) | 1,489) | 1,277) | 1,148) | 1,326) | 1,192) | 957) | 912) | 980) | 860) | 1,008) | 986) | 1,101) | 1,111) | 1,106) | 1,010) | 1,090) | 1,036) | 1,045) | |||||||
| Total quick assets | 2,846) | 3,400) | 3,866) | 2,301) | 3,309) | 3,464) | 3,505) | 4,182) | 3,914) | 4,043) | 3,879) | 3,454) | 3,490) | 2,940) | 3,659) | 2,842) | 3,116) | 2,121) | 2,368) | 2,439) | 3,035) | |||||||
| Current liabilities | 2,321) | 2,471) | 2,508) | 2,393) | 2,575) | 2,233) | 2,268) | 1,951) | 1,800) | 2,019) | 2,294) | 2,347) | 2,211) | 2,151) | 2,805) | 2,053) | 1,926) | 1,915) | 1,944) | 1,732) | 1,891) | |||||||
| Liquidity Ratio | ||||||||||||||||||||||||||||
| Quick ratio1 | 1.23 | 1.38 | 1.54 | 0.96 | 1.29 | 1.55 | 1.55 | 2.14 | 2.17 | 2.00 | 1.69 | 1.47 | 1.58 | 1.37 | 1.30 | 1.38 | 1.62 | 1.11 | 1.22 | 1.41 | 1.60 | |||||||
| Benchmarks | ||||||||||||||||||||||||||||
| Quick Ratio, Competitors2 | ||||||||||||||||||||||||||||
| FedEx Corp. | 1.30 | 1.31 | 1.27 | 1.37 | 1.39 | 1.40 | 1.50 | 1.63 | 1.56 | 1.45 | 1.07 | 1.11 | 1.18 | 1.27 | 1.29 | 1.23 | 1.15 | — | — | — | — | |||||||
| Uber Technologies Inc. | 0.88 | 0.88 | 0.88 | 0.83 | 0.83 | 0.82 | 1.01 | 0.85 | 0.96 | 1.19 | 1.20 | 1.45 | 1.49 | 2.24 | 2.58 | 2.36 | 1.48 | — | — | — | — | |||||||
| Union Pacific Corp. | 0.49 | 0.53 | 0.59 | 0.48 | 0.53 | 0.47 | 0.57 | 0.65 | 0.59 | 0.81 | 0.87 | 0.79 | 0.62 | 0.57 | 0.65 | 0.52 | 0.53 | — | — | — | — | |||||||
| United Parcel Service Inc. | 1.21 | 1.11 | 1.26 | 1.35 | 1.41 | 1.32 | 1.36 | 1.27 | 1.12 | 1.00 | 1.18 | 1.13 | 1.11 | 0.99 | 0.97 | 0.94 | 0.96 | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
1 Q1 2023 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 2,846 ÷ 2,321 = 1.23
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 Q3 2022 to Q4 2022 and from Q4 2022 to Q1 2023. |
Cash Ratio
CSX Corp., cash ratio calculation (quarterly data)
| 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 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||
| Cash and cash equivalents | 1,291) | 1,958) | 2,311) | 724) | 1,936) | 2,239) | 2,179) | 2,986) | 2,955) | 3,129) | 2,898) | 2,391) | 1,995) | 958) | 1,521) | 853) | 1,188) | 858) | 663) | 1,320) | 1,980) | |||||||
| Short-term investments | 178) | 129) | 88) | 88) | 96) | 77) | —) | 4) | 2) | 2) | 1) | 203) | 487) | 996) | 1,037) | 878) | 822) | 253) | 615) | 83) | 10) | |||||||
| Total cash assets | 1,469) | 2,087) | 2,399) | 812) | 2,032) | 2,316) | 2,179) | 2,990) | 2,957) | 3,131) | 2,899) | 2,594) | 2,482) | 1,954) | 2,558) | 1,731) | 2,010) | 1,111) | 1,278) | 1,403) | 1,990) | |||||||
| Current liabilities | 2,321) | 2,471) | 2,508) | 2,393) | 2,575) | 2,233) | 2,268) | 1,951) | 1,800) | 2,019) | 2,294) | 2,347) | 2,211) | 2,151) | 2,805) | 2,053) | 1,926) | 1,915) | 1,944) | 1,732) | 1,891) | |||||||
| Liquidity Ratio | ||||||||||||||||||||||||||||
| Cash ratio1 | 0.63 | 0.84 | 0.96 | 0.34 | 0.79 | 1.04 | 0.96 | 1.53 | 1.64 | 1.55 | 1.26 | 1.11 | 1.12 | 0.91 | 0.91 | 0.84 | 1.04 | 0.58 | 0.66 | 0.81 | 1.05 | |||||||
| Benchmarks | ||||||||||||||||||||||||||||
| Cash Ratio, Competitors2 | ||||||||||||||||||||||||||||
| FedEx Corp. | 0.50 | 0.48 | 0.43 | 0.49 | 0.53 | 0.52 | 0.65 | 0.69 | 0.62 | 0.47 | 0.17 | 0.19 | 0.24 | 0.26 | 0.31 | 0.22 | 0.25 | — | — | — | — | |||||||
| Uber Technologies Inc. | 0.58 | 0.56 | 0.61 | 0.55 | 0.55 | 0.55 | 0.85 | 0.69 | 0.81 | 1.03 | 1.08 | 1.34 | 1.39 | 2.02 | 2.36 | 2.13 | 1.25 | — | — | — | — | |||||||
| Union Pacific Corp. | 0.17 | 0.18 | 0.23 | 0.14 | 0.17 | 0.18 | 0.24 | 0.27 | 0.26 | 0.45 | 0.55 | 0.52 | 0.26 | 0.20 | 0.29 | 0.20 | 0.21 | — | — | — | — | |||||||
| United Parcel Service Inc. | 0.58 | 0.42 | 0.64 | 0.70 | 0.74 | 0.60 | 0.68 | 0.63 | 0.50 | 0.37 | 0.60 | 0.57 | 0.60 | 0.37 | 0.35 | 0.35 | 0.39 | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
1 Q1 2023 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 1,469 ÷ 2,321 = 0.63
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 Q3 2022 to Q4 2022 and from Q4 2022 to Q1 2023. |