Liquidity ratios measure the company’s ability to meet its short-term obligations.

CSX Corp., liquidity ratios (quarterly data)

	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

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.

CSX Corp., current ratio calculation (quarterly data)

	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

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.

CSX Corp., quick ratio calculation (quarterly data)

	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	4	2	2	1	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

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.

CSX Corp., cash ratio calculation (quarterly data)

	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	4	2	2	1	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

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.

CSX Corp. (NASDAQ:CSX)

Analysis of Liquidity Ratios
Quarterly Data