Analysis of Liquidity Ratios
Quarterly Data
Liquidity ratios measure the company ability to meet its short-term obligations.
Liquidity Ratios (Summary)
Union Pacific Corp., liquidity ratios (quarterly data)
Based on: 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 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).
| Liquidity ratio | Description | The company |
|---|---|---|
| Current ratio | A liquidity ratio calculated as current assets divided by current liabilities. | Union Pacific Corp. current ratio improved from Q3 2023 to Q4 2023 and from Q4 2023 to Q1 2024. |
| Quick ratio | A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. | Union Pacific Corp. quick ratio improved from Q3 2023 to Q4 2023 and from Q4 2023 to Q1 2024. |
| Cash ratio | A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. | Union Pacific Corp. cash ratio improved from Q3 2023 to Q4 2023 but then slightly deteriorated from Q4 2023 to Q1 2024. |
Current Ratio
Union Pacific Corp., current ratio calculation (quarterly data)
| 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 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||
| Current assets | 4,194) | 4,148) | 3,813) | 3,752) | 4,058) | 3,952) | 4,405) | 3,976) | 3,876) | 3,551) | 3,810) | 3,764) | 3,719) | 4,214) | 5,130) | 5,083) | 3,804) | 3,459) | 4,073) | 4,086) | 3,953) | |||||||
| Current liabilities | 4,534) | 5,106) | 5,304) | 5,249) | 6,209) | 5,520) | 5,712) | 6,002) | 5,462) | 5,744) | 5,111) | 4,357) | 4,871) | 4,173) | 4,841) | 5,279) | 4,641) | 4,351) | 4,587) | 5,665) | 5,262) | |||||||
| Liquidity Ratio | ||||||||||||||||||||||||||||
| Current ratio1 | 0.93 | 0.81 | 0.72 | 0.71 | 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 | |||||||
| Benchmarks | ||||||||||||||||||||||||||||
| Current Ratio, Competitors2 | ||||||||||||||||||||||||||||
| FedEx Corp. | 1.37 | 1.37 | 1.32 | 1.30 | 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. | — | 1.19 | 1.14 | 1.23 | 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 | |||||||
| United Parcel Service Inc. | — | 1.10 | 1.22 | 1.32 | 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: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 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).
1 Q1 2024 Calculation
Current ratio = Current assets ÷ Current liabilities
= 4,194 ÷ 4,534 = 0.93
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. | Union Pacific Corp. current ratio improved from Q3 2023 to Q4 2023 and from Q4 2023 to Q1 2024. |
Quick Ratio
Union Pacific Corp., quick ratio calculation (quarterly data)
| 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 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||
| Cash and cash equivalents | 925) | 1,055) | 750) | 830) | 1,079) | 973) | 1,267) | 788) | 909) | 960) | 1,194) | 1,115) | 1,183) | 1,799) | 2,601) | 2,706) | 1,130) | 831) | 1,250) | 1,049) | 1,059) | |||||||
| Short-term investments | 20) | 16) | 16) | —) | —) | 46) | 46) | 46) | 46) | 46) | 46) | 46) | 60) | 60) | 60) | 60) | 60) | 60) | 60) | 60) | 60) | |||||||
| Accounts receivable, net | 2,162) | 2,073) | 1,934) | 1,826) | 1,955) | 1,891) | 2,052) | 2,052) | 1,958) | 1,722) | 1,679) | 1,666) | 1,610) | 1,505) | 1,565) | 1,388) | 1,669) | 1,595) | 1,650) | 1,809) | 1,672) | |||||||
| Total quick assets | 3,107) | 3,144) | 2,700) | 2,656) | 3,034) | 2,910) | 3,365) | 2,886) | 2,913) | 2,728) | 2,919) | 2,827) | 2,853) | 3,364) | 4,226) | 4,154) | 2,859) | 2,486) | 2,960) | 2,918) | 2,791) | |||||||
| Current liabilities | 4,534) | 5,106) | 5,304) | 5,249) | 6,209) | 5,520) | 5,712) | 6,002) | 5,462) | 5,744) | 5,111) | 4,357) | 4,871) | 4,173) | 4,841) | 5,279) | 4,641) | 4,351) | 4,587) | 5,665) | 5,262) | |||||||
| Liquidity Ratio | ||||||||||||||||||||||||||||
| Quick ratio1 | 0.69 | 0.62 | 0.51 | 0.51 | 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 | |||||||
| Benchmarks | ||||||||||||||||||||||||||||
| Quick Ratio, Competitors2 | ||||||||||||||||||||||||||||
| FedEx Corp. | 1.25 | 1.25 | 1.19 | 1.16 | 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. | — | 1.02 | 0.96 | 1.04 | 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 | |||||||
| United Parcel Service Inc. | — | 0.98 | 1.06 | 1.19 | 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: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 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).
1 Q1 2024 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 3,107 ÷ 4,534 = 0.69
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. | Union Pacific Corp. quick ratio improved from Q3 2023 to Q4 2023 and from Q4 2023 to Q1 2024. |
Cash Ratio
Union Pacific Corp., cash ratio calculation (quarterly data)
| 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 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||
| Cash and cash equivalents | 925) | 1,055) | 750) | 830) | 1,079) | 973) | 1,267) | 788) | 909) | 960) | 1,194) | 1,115) | 1,183) | 1,799) | 2,601) | 2,706) | 1,130) | 831) | 1,250) | 1,049) | 1,059) | |||||||
| Short-term investments | 20) | 16) | 16) | —) | —) | 46) | 46) | 46) | 46) | 46) | 46) | 46) | 60) | 60) | 60) | 60) | 60) | 60) | 60) | 60) | 60) | |||||||
| Total cash assets | 945) | 1,071) | 766) | 830) | 1,079) | 1,019) | 1,313) | 834) | 955) | 1,006) | 1,240) | 1,161) | 1,243) | 1,859) | 2,661) | 2,766) | 1,190) | 891) | 1,310) | 1,109) | 1,119) | |||||||
| Current liabilities | 4,534) | 5,106) | 5,304) | 5,249) | 6,209) | 5,520) | 5,712) | 6,002) | 5,462) | 5,744) | 5,111) | 4,357) | 4,871) | 4,173) | 4,841) | 5,279) | 4,641) | 4,351) | 4,587) | 5,665) | 5,262) | |||||||
| Liquidity Ratio | ||||||||||||||||||||||||||||
| Cash ratio1 | 0.21 | 0.21 | 0.14 | 0.16 | 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 | |||||||
| Benchmarks | ||||||||||||||||||||||||||||
| Cash Ratio, Competitors2 | ||||||||||||||||||||||||||||
| FedEx Corp. | 0.51 | 0.50 | 0.40 | 0.33 | 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. | — | 0.66 | 0.64 | 0.75 | 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 | |||||||
| United Parcel Service Inc. | — | 0.34 | 0.46 | 0.54 | 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: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 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).
1 Q1 2024 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 945 ÷ 4,534 = 0.21
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. | Union Pacific Corp. cash ratio improved from Q3 2023 to Q4 2023 but then slightly deteriorated from Q4 2023 to Q1 2024. |