Current Ratio
since 2005
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CSX Corp. pages available for free this week:
- Balance Sheet: Liabilities and Stockholders’ Equity
- Common Stock Valuation Ratios
- Enterprise Value (EV)
- Present Value of Free Cash Flow to Equity (FCFE)
- Selected Financial Data since 2005
- Debt to Equity since 2005
- Total Asset Turnover since 2005
- Price to Operating Profit (P/OP) since 2005
- Analysis of Revenues
- Aggregate Accruals
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Calculation
CSX Corp., current ratio, long-term trends, calculation
| Current ratio | = | Current assets1 | ÷ | Current liabilities1 | |
|---|---|---|---|---|---|
| Dec 31, 2022 | = | ÷ | |||
| Dec 31, 2021 | = | ÷ | |||
| Dec 31, 2020 | = | ÷ | |||
| Dec 31, 2019 | = | ÷ | |||
| Dec 31, 2018 | = | ÷ | |||
| Dec 31, 2017 | = | ÷ | |||
| Dec 30, 2016 | = | ÷ | |||
| Dec 25, 2015 | = | ÷ | |||
| Dec 26, 2014 | = | ÷ | |||
| Dec 27, 2013 | = | ÷ | |||
| Dec 28, 2012 | = | ÷ | |||
| Dec 30, 2011 | = | ÷ | |||
| Dec 31, 2010 | = | ÷ | |||
| Dec 25, 2009 | = | ÷ | |||
| Dec 26, 2008 | = | ÷ | |||
| Dec 28, 2007 | = | ÷ | |||
| Dec 29, 2006 | = | ÷ | |||
| Dec 30, 2005 | = | ÷ |
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), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-30), 10-K (reporting date: 2015-12-25), 10-K (reporting date: 2014-12-26), 10-K (reporting date: 2013-12-27), 10-K (reporting date: 2012-12-28), 10-K (reporting date: 2011-12-30), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-25), 10-K (reporting date: 2008-12-26), 10-K (reporting date: 2007-12-28), 10-K (reporting date: 2006-12-29), 10-K (reporting date: 2005-12-30).
1 US$ in millions
- Current Assets
- Current assets showed a general upward trend over the examined period, starting at 2,372 million USD in 2005 and increasing to a peak of 4,441 million USD in 2020. This represents a substantial growth in available short-term resources. There were some fluctuations, notably a decline between 2011 and 2013, as current assets dropped from 2,935 million USD to 2,602 million USD. After 2020, current assets slightly decreased but remained relatively stable around the 3,800 to 3,900 million USD range through 2022.
- Current Liabilities
- Current liabilities exhibited a mixed trajectory. Initially, liabilities decreased sharply from 2,979 million USD in 2005 to 1,865 million USD by 2009, indicating improved short-term debt management. However, this was followed by an increase, reaching 2,687 million USD in 2011, after which they fluctuated moderately in the range of approximately 1,894 to 2,471 million USD. The latest data point in 2022 shows a rise to 2,471 million USD, suggesting an increase in short-term obligations during recent years.
- Current Ratio
- The current ratio, an indicator of liquidity, improved significantly from 0.8 in 2005 to a high of 2.2 in 2020, demonstrating a stronger coverage of current liabilities by current assets. Notably, the ratio remained below 1.0 only in 2005 and 2007, which implies potential liquidity concerns in those years. Post-2020, the ratio declined to 1.73 in 2021 and then to 1.56 in 2022, indicating a slight reduction in liquidity but still maintaining a healthy margin above 1.0. Overall, the trend suggests enhanced short-term financial stability over the period with some moderation in the most recent years.
Comparison to Competitors
CSX Corp., current ratio, long-term trends, comparison to competitors
| CSX Corp. | FedEx Corp. | Uber Technologies Inc. | Union Pacific Corp. | United Airlines Holdings Inc. | United Parcel Service Inc. | |
|---|---|---|---|---|---|---|
| Dec 31, 2022 | ||||||
| Dec 31, 2021 | ||||||
| Dec 31, 2020 | ||||||
| Dec 31, 2019 | ||||||
| Dec 31, 2018 | ||||||
| Dec 31, 2017 | ||||||
| Dec 30, 2016 | ||||||
| Dec 25, 2015 | ||||||
| Dec 26, 2014 | ||||||
| Dec 27, 2013 | ||||||
| Dec 28, 2012 | ||||||
| Dec 30, 2011 | ||||||
| Dec 31, 2010 | ||||||
| Dec 25, 2009 | ||||||
| Dec 26, 2008 | ||||||
| Dec 28, 2007 | ||||||
| Dec 29, 2006 | ||||||
| Dec 30, 2005 |
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), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-30), 10-K (reporting date: 2015-12-25), 10-K (reporting date: 2014-12-26), 10-K (reporting date: 2013-12-27), 10-K (reporting date: 2012-12-28), 10-K (reporting date: 2011-12-30), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-25), 10-K (reporting date: 2008-12-26), 10-K (reporting date: 2007-12-28), 10-K (reporting date: 2006-12-29), 10-K (reporting date: 2005-12-30).
Comparison to Sector (Transportation)
CSX Corp., current ratio, long-term trends, comparison to sector (transportation)
| CSX Corp. | Transportation | |
|---|---|---|
| Dec 31, 2022 | ||
| Dec 31, 2021 | ||
| Dec 31, 2020 | ||
| Dec 31, 2019 | ||
| Dec 31, 2018 | ||
| Dec 31, 2017 | ||
| Dec 30, 2016 | ||
| Dec 25, 2015 | ||
| Dec 26, 2014 | ||
| Dec 27, 2013 | ||
| Dec 28, 2012 | ||
| Dec 30, 2011 | ||
| Dec 31, 2010 | ||
| Dec 25, 2009 | ||
| Dec 26, 2008 | ||
| Dec 28, 2007 | ||
| Dec 29, 2006 | ||
| Dec 30, 2005 |
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), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-30), 10-K (reporting date: 2015-12-25), 10-K (reporting date: 2014-12-26), 10-K (reporting date: 2013-12-27), 10-K (reporting date: 2012-12-28), 10-K (reporting date: 2011-12-30), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-25), 10-K (reporting date: 2008-12-26), 10-K (reporting date: 2007-12-28), 10-K (reporting date: 2006-12-29), 10-K (reporting date: 2005-12-30).
Comparison to Industry (Industrials)
CSX Corp., current ratio, long-term trends, comparison to industry (industrials)
| CSX Corp. | Industrials | |
|---|---|---|
| Dec 31, 2022 | ||
| Dec 31, 2021 | ||
| Dec 31, 2020 | ||
| Dec 31, 2019 | ||
| Dec 31, 2018 | ||
| Dec 31, 2017 | ||
| Dec 30, 2016 | ||
| Dec 25, 2015 | ||
| Dec 26, 2014 | ||
| Dec 27, 2013 | ||
| Dec 28, 2012 | ||
| Dec 30, 2011 | ||
| Dec 31, 2010 | ||
| Dec 25, 2009 | ||
| Dec 26, 2008 | ||
| Dec 28, 2007 | ||
| Dec 29, 2006 | ||
| Dec 30, 2005 |
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), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-30), 10-K (reporting date: 2015-12-25), 10-K (reporting date: 2014-12-26), 10-K (reporting date: 2013-12-27), 10-K (reporting date: 2012-12-28), 10-K (reporting date: 2011-12-30), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-25), 10-K (reporting date: 2008-12-26), 10-K (reporting date: 2007-12-28), 10-K (reporting date: 2006-12-29), 10-K (reporting date: 2005-12-30).