CSX Corp. (CSX)
Analysis of Liquidity Ratios
Difficulty: Beginner
Liquidity ratios measure the company’s ability to meet its short-term obligations.
Liquidity Ratios (Summary)
CSX Corp., liquidity ratios
| Dec 31, 2018 | Dec 31, 2017 | Dec 30, 2016 | Dec 25, 2015 | Dec 26, 2014 | ||
|---|---|---|---|---|---|---|
| Current ratio | 1.34 | 1.01 | 1.22 | 1.52 | 1.22 | |
| Quick ratio | 1.11 | 0.73 | 0.96 | 1.24 | 0.99 | |
| Cash ratio | 0.58 | 0.22 | 0.50 | 0.74 | 0.46 |
Based on: 10-K (filing date: 2019-02-06), 10-K (filing date: 2018-02-07), 10-K (filing date: 2017-02-14), 10-K (filing date: 2016-02-10), 10-K (filing date: 2015-02-11).
| Liquidity ratio | Description | The company |
|---|---|---|
| Current ratio | A liquidity ratio calculated as current assets divided by current liabilities. | CSX Corp.’s current ratio deteriorated from 2016 to 2017 but then improved from 2017 to 2018 exceeding 2016 level. |
| Quick ratio | A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. | CSX Corp.’s quick ratio deteriorated from 2016 to 2017 but then improved from 2017 to 2018 exceeding 2016 level. |
| Cash ratio | A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. | CSX Corp.’s cash ratio deteriorated from 2016 to 2017 but then improved from 2017 to 2018 exceeding 2016 level. |
Current Ratio
CSX Corp., current ratio calculation, comparison to benchmarks
| Dec 31, 2018 | Dec 31, 2017 | Dec 30, 2016 | Dec 25, 2015 | Dec 26, 2014 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Current assets | 2,565 | 1,915 | 2,487 | 2,966 | 2,572 | |
| Current liabilities | 1,915 | 1,894 | 2,040 | 1,952 | 2,107 | |
| Liquidity Ratio | ||||||
| Current ratio1 | 1.34 | 1.01 | 1.22 | 1.52 | 1.22 | |
| Benchmarks | ||||||
| Current Ratio, Competitors2 | ||||||
| FedEx Corp. | 1.39 | 1.59 | 1.50 | 1.84 | 1.82 | |
| Union Pacific Corp. | 0.90 | 1.02 | 0.99 | 1.29 | 1.24 | |
| United Parcel Service Inc. | 1.15 | 1.22 | 1.18 | 1.23 | 1.37 | |
| Current Ratio, Sector | ||||||
| Industrial Transportation | 1.20 | 1.29 | 1.26 | 1.43 | 1.45 | |
| Current Ratio, Industry | ||||||
| Industrials | 1.30 | 1.46 | 1.43 | 1.38 | 1.64 | |
Based on: 10-K (filing date: 2019-02-06), 10-K (filing date: 2018-02-07), 10-K (filing date: 2017-02-14), 10-K (filing date: 2016-02-10), 10-K (filing date: 2015-02-11).
1 2018 Calculation
Current ratio = Current assets ÷ Current liabilities
= 2,565 ÷ 1,915 = 1.34
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.’s current ratio deteriorated from 2016 to 2017 but then improved from 2017 to 2018 exceeding 2016 level. |
Quick Ratio
CSX Corp., quick ratio calculation, comparison to benchmarks
| Dec 31, 2018 | Dec 31, 2017 | Dec 30, 2016 | Dec 25, 2015 | Dec 26, 2014 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Cash and cash equivalents | 858 | 401 | 603 | 628 | 669 | |
| Short-term investments | 253 | 18 | 417 | 810 | 292 | |
| Accounts receivable, net | 1,010 | 970 | 938 | 982 | 1,129 | |
| Total quick assets | 2,121 | 1,389 | 1,958 | 2,420 | 2,090 | |
| Current liabilities | 1,915 | 1,894 | 2,040 | 1,952 | 2,107 | |
| Liquidity Ratio | ||||||
| Quick ratio1 | 1.11 | 0.73 | 0.96 | 1.24 | 0.99 | |
| Benchmarks | ||||||
| Quick Ratio, Competitors2 | ||||||
| FedEx Corp. | 1.22 | 1.46 | 1.35 | 1.59 | 1.58 | |
| Union Pacific Corp. | 0.65 | 0.70 | 0.70 | 0.86 | 0.85 | |
| United Parcel Service Inc. | 0.99 | 1.01 | 1.05 | 1.11 | 1.15 | |
| Quick Ratio, Sector | ||||||
| Industrial Transportation | 1.02 | 1.08 | 1.08 | 1.22 | 1.19 | |
| Quick Ratio, Industry | ||||||
| Industrials | 0.82 | 0.98 | 0.95 | 0.92 | 1.29 | |
Based on: 10-K (filing date: 2019-02-06), 10-K (filing date: 2018-02-07), 10-K (filing date: 2017-02-14), 10-K (filing date: 2016-02-10), 10-K (filing date: 2015-02-11).
1 2018 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 2,121 ÷ 1,915 = 1.11
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.’s quick ratio deteriorated from 2016 to 2017 but then improved from 2017 to 2018 exceeding 2016 level. |
Cash Ratio
CSX Corp., cash ratio calculation, comparison to benchmarks
| Dec 31, 2018 | Dec 31, 2017 | Dec 30, 2016 | Dec 25, 2015 | Dec 26, 2014 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Cash and cash equivalents | 858 | 401 | 603 | 628 | 669 | |
| Short-term investments | 253 | 18 | 417 | 810 | 292 | |
| Total cash assets | 1,111 | 419 | 1,020 | 1,438 | 961 | |
| Current liabilities | 1,915 | 1,894 | 2,040 | 1,952 | 2,107 | |
| Liquidity Ratio | ||||||
| Cash ratio1 | 0.58 | 0.22 | 0.50 | 0.74 | 0.46 | |
| Benchmarks | ||||||
| Cash Ratio, Competitors2 | ||||||
| FedEx Corp. | 0.34 | 0.50 | 0.44 | 0.63 | 0.55 | |
| Union Pacific Corp. | 0.28 | 0.32 | 0.35 | 0.43 | 0.42 | |
| United Parcel Service Inc. | 0.36 | 0.32 | 0.39 | 0.44 | 0.38 | |
| Cash Ratio, Sector | ||||||
| Industrial Transportation | 0.35 | 0.37 | 0.41 | 0.52 | 0.44 | |
| Cash Ratio, Industry | ||||||
| Industrials | 0.36 | 0.51 | 0.50 | 0.49 | 0.48 | |
Based on: 10-K (filing date: 2019-02-06), 10-K (filing date: 2018-02-07), 10-K (filing date: 2017-02-14), 10-K (filing date: 2016-02-10), 10-K (filing date: 2015-02-11).
1 2018 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 1,111 ÷ 1,915 = 0.58
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.’s cash ratio deteriorated from 2016 to 2017 but then improved from 2017 to 2018 exceeding 2016 level. |