Stock Analysis on Net
Stock Analysis on Net

CSX Corp. (NASDAQ:CSX)

Analysis of Liquidity Ratios
Quarterly Data

Beginner level

Liquidity Ratios (Summary)

CSX Corp., liquidity ratios (quarterly data)

Microsoft Excel LibreOffice Calc
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 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 30, 2016 Sep 23, 2016 Jun 24, 2016 Mar 25, 2016
Current ratio 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 1.01 1.05 1.57 1.17 1.22 0.96 0.98 1.54
Quick ratio 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 0.73 0.81 1.26 0.95 0.96 0.74 0.76 1.20
Cash ratio 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 0.22 0.34 0.66 0.53 0.50 0.33 0.36 0.65

Based on: 10-Q (filing date: 2021-07-22), 10-Q (filing date: 2021-04-21), 10-K (filing date: 2021-02-10), 10-Q (filing date: 2020-10-22), 10-Q (filing date: 2020-07-23), 10-Q (filing date: 2020-04-23), 10-K (filing date: 2020-02-12), 10-Q (filing date: 2019-10-17), 10-Q (filing date: 2019-07-17), 10-Q (filing date: 2019-04-17), 10-K (filing date: 2019-02-06), 10-Q (filing date: 2018-10-17), 10-Q (filing date: 2018-07-18), 10-Q (filing date: 2018-04-18), 10-K (filing date: 2018-02-07), 10-Q (filing date: 2017-10-18), 10-Q (filing date: 2017-07-19), 10-Q (filing date: 2017-04-20), 10-K (filing date: 2017-02-14), 10-Q (filing date: 2016-10-12), 10-Q (filing date: 2016-07-14), 10-Q (filing date: 2016-04-13).

Liquidity ratio Description The company
Current ratio A liquidity ratio calculated as current assets divided by current liabilities. CSX Corp.’s current ratio improved from Q4 2020 to Q1 2021 but then slightly deteriorated from Q1 2021 to Q2 2021.
Quick ratio A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. CSX Corp.’s quick ratio improved from Q4 2020 to Q1 2021 but then slightly deteriorated from Q1 2021 to Q2 2021.
Cash ratio A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. CSX Corp.’s cash ratio improved from Q4 2020 to Q1 2021 but then deteriorated significantly from Q1 2021 to Q2 2021.

Current Ratio

CSX Corp., current ratio calculation (quarterly data)

Microsoft Excel LibreOffice Calc
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 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 30, 2016 Sep 23, 2016 Jun 24, 2016 Mar 25, 2016
Selected Financial Data (US$ in millions)
Current assets 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  1,915  2,172  2,630  2,660  2,487  2,163  2,228  2,608 
Current liabilities 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  1,894  2,075  1,672  2,277  2,040  2,263  2,282  1,692 
Liquidity Ratio
Current ratio1 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 1.01 1.05 1.57 1.17 1.22 0.96 0.98 1.54
Benchmarks
Current Ratio, Competitors2
FedEx Corp. 1.76 1.69 1.58 1.21 1.25 1.31 1.45 1.46 1.42 1.32 1.39 1.43 1.57 1.63 1.59 1.60 1.54 1.53 1.50 1.72 1.87 1.83
Norfolk Southern Corp. 1.08 1.02 1.07 1.29 1.21 0.90 0.90 0.73 0.78 0.67 0.72 0.86 0.81 1.04 0.84 0.83 0.83 0.95 0.98 1.04 1.06 1.07
Union Pacific Corp. 0.86 0.76 1.01 1.06 0.96 0.82 0.79 0.89 0.72 0.75 0.90 1.06 1.03 0.82 1.02 1.16 1.14 0.93 0.99 1.41 1.48 1.55
United Parcel Service Inc. 1.29 1.19 1.29 1.24 1.22 1.11 1.11 1.09 1.13 1.15 1.14 1.21 1.22 1.22 1.06 1.12 1.01 1.18 1.18 1.32 1.25

Based on: 10-Q (filing date: 2021-07-22), 10-Q (filing date: 2021-04-21), 10-K (filing date: 2021-02-10), 10-Q (filing date: 2020-10-22), 10-Q (filing date: 2020-07-23), 10-Q (filing date: 2020-04-23), 10-K (filing date: 2020-02-12), 10-Q (filing date: 2019-10-17), 10-Q (filing date: 2019-07-17), 10-Q (filing date: 2019-04-17), 10-K (filing date: 2019-02-06), 10-Q (filing date: 2018-10-17), 10-Q (filing date: 2018-07-18), 10-Q (filing date: 2018-04-18), 10-K (filing date: 2018-02-07), 10-Q (filing date: 2017-10-18), 10-Q (filing date: 2017-07-19), 10-Q (filing date: 2017-04-20), 10-K (filing date: 2017-02-14), 10-Q (filing date: 2016-10-12), 10-Q (filing date: 2016-07-14), 10-Q (filing date: 2016-04-13).

1 Q2 2021 Calculation
Current ratio = Current assets ÷ Current liabilities
= 4,573 ÷ 1,951 = 2.34

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 improved from Q4 2020 to Q1 2021 but then slightly deteriorated from Q1 2021 to Q2 2021.

Quick Ratio

CSX Corp., quick ratio calculation (quarterly data)

Microsoft Excel LibreOffice Calc
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 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 30, 2016 Sep 23, 2016 Jun 24, 2016 Mar 25, 2016
Selected Financial Data (US$ in millions)
Cash and cash equivalents 2,986  2,955  3,129  2,898  2,391  1,995  958  1,521  853  1,188  858  663  1,320  1,980  401  591  620  930  603  603  566  731 
Short-term investments 203  487  996  1,037  878  822  253  615  83  10  18  113  477  287  417  152  262  375 
Accounts receivable, net 1,192  957  912  980  860  1,008  986  1,101  1,111  1,106  1,010  1,090  1,036  1,045  970  981  1,015  943  938  925  912  917 
Total quick assets 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  1,389  1,685  2,112  2,160  1,958  1,680  1,740  2,023 
 
Current liabilities 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  1,894  2,075  1,672  2,277  2,040  2,263  2,282  1,692 
Liquidity Ratio
Quick ratio1 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 0.73 0.81 1.26 0.95 0.96 0.74 0.76 1.20
Benchmarks
Quick Ratio, Competitors2
FedEx Corp. 1.63 1.56 1.45 1.07 1.11 1.18 1.27 1.29 1.23 1.15 1.22 1.21 1.39 1.48 1.46 1.42 1.36 1.37 1.35 1.43 1.60 1.57
Norfolk Southern Corp. 0.93 0.86 0.91 1.12 1.02 0.67 0.65 0.52 0.54 0.51 0.53 0.73 0.62 0.86 0.65 0.70 0.67 0.80 0.81 0.87 0.88 0.85
Union Pacific Corp. 0.65 0.59 0.81 0.87 0.79 0.62 0.57 0.65 0.52 0.53 0.67 0.82 0.76 0.57 0.73 0.88 0.80 0.63 0.71 1.10 1.14 1.23
United Parcel Service Inc. 1.12 1.00 1.18 1.13 1.11 0.99 0.97 0.94 0.96 0.99 1.01 1.07 1.06 1.01 0.94 1.01 0.89 1.05 1.07 1.18 1.13

Based on: 10-Q (filing date: 2021-07-22), 10-Q (filing date: 2021-04-21), 10-K (filing date: 2021-02-10), 10-Q (filing date: 2020-10-22), 10-Q (filing date: 2020-07-23), 10-Q (filing date: 2020-04-23), 10-K (filing date: 2020-02-12), 10-Q (filing date: 2019-10-17), 10-Q (filing date: 2019-07-17), 10-Q (filing date: 2019-04-17), 10-K (filing date: 2019-02-06), 10-Q (filing date: 2018-10-17), 10-Q (filing date: 2018-07-18), 10-Q (filing date: 2018-04-18), 10-K (filing date: 2018-02-07), 10-Q (filing date: 2017-10-18), 10-Q (filing date: 2017-07-19), 10-Q (filing date: 2017-04-20), 10-K (filing date: 2017-02-14), 10-Q (filing date: 2016-10-12), 10-Q (filing date: 2016-07-14), 10-Q (filing date: 2016-04-13).

1 Q2 2021 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 4,182 ÷ 1,951 = 2.14

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 improved from Q4 2020 to Q1 2021 but then slightly deteriorated from Q1 2021 to Q2 2021.

Cash Ratio

CSX Corp., cash ratio calculation (quarterly data)

Microsoft Excel LibreOffice Calc
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 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 30, 2016 Sep 23, 2016 Jun 24, 2016 Mar 25, 2016
Selected Financial Data (US$ in millions)
Cash and cash equivalents 2,986  2,955  3,129  2,898  2,391  1,995  958  1,521  853  1,188  858  663  1,320  1,980  401  591  620  930  603  603  566  731 
Short-term investments 203  487  996  1,037  878  822  253  615  83  10  18  113  477  287  417  152  262  375 
Total cash assets 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  419  704  1,097  1,217  1,020  755  828  1,106 
 
Current liabilities 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  1,894  2,075  1,672  2,277  2,040  2,263  2,282  1,692 
Liquidity Ratio
Cash ratio1 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 0.22 0.34 0.66 0.53 0.50 0.33 0.36 0.65
Benchmarks
Cash Ratio, Competitors2
FedEx Corp. 0.69 0.62 0.47 0.17 0.19 0.24 0.26 0.31 0.22 0.25 0.34 0.29 0.34 0.45 0.50 0.43 0.39 0.40 0.44 0.48 0.61 0.61
Norfolk Southern Corp. 0.60 0.44 0.52 0.68 0.59 0.27 0.25 0.16 0.11 0.14 0.14 0.30 0.18 0.45 0.27 0.30 0.27 0.39 0.41 0.44 0.41 0.32
Union Pacific Corp. 0.27 0.26 0.45 0.55 0.52 0.26 0.20 0.29 0.20 0.21 0.29 0.42 0.39 0.24 0.35 0.51 0.40 0.30 0.37 0.69 0.70 0.81
United Parcel Service Inc. 0.50 0.37 0.60 0.57 0.60 0.37 0.35 0.35 0.39 0.36 0.40 0.43 0.38 0.32 0.37 0.42 0.33 0.39 0.49 0.57 0.56

Based on: 10-Q (filing date: 2021-07-22), 10-Q (filing date: 2021-04-21), 10-K (filing date: 2021-02-10), 10-Q (filing date: 2020-10-22), 10-Q (filing date: 2020-07-23), 10-Q (filing date: 2020-04-23), 10-K (filing date: 2020-02-12), 10-Q (filing date: 2019-10-17), 10-Q (filing date: 2019-07-17), 10-Q (filing date: 2019-04-17), 10-K (filing date: 2019-02-06), 10-Q (filing date: 2018-10-17), 10-Q (filing date: 2018-07-18), 10-Q (filing date: 2018-04-18), 10-K (filing date: 2018-02-07), 10-Q (filing date: 2017-10-18), 10-Q (filing date: 2017-07-19), 10-Q (filing date: 2017-04-20), 10-K (filing date: 2017-02-14), 10-Q (filing date: 2016-10-12), 10-Q (filing date: 2016-07-14), 10-Q (filing date: 2016-04-13).

1 Q2 2021 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 2,990 ÷ 1,951 = 1.53

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 improved from Q4 2020 to Q1 2021 but then deteriorated significantly from Q1 2021 to Q2 2021.