Stock Analysis on Net

Norfolk Southern Corp. (NYSE:NSC)

Analysis of Liquidity Ratios 

Microsoft Excel LibreOffice Calc

Liquidity Ratios (Summary)

Norfolk Southern Corp., liquidity ratios

Microsoft Excel LibreOffice Calc
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Current ratio 0.86 1.07 0.90 0.72 0.84
Quick ratio 0.72 0.91 0.65 0.53 0.65
Cash ratio 0.33 0.52 0.25 0.14 0.27

Based on: 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).

Liquidity ratio Description The company
Current ratio A liquidity ratio calculated as current assets divided by current liabilities. Norfolk Southern Corp. current ratio improved from 2019 to 2020 but then deteriorated significantly from 2020 to 2021.
Quick ratio A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. Norfolk Southern Corp. quick ratio improved from 2019 to 2020 but then slightly deteriorated from 2020 to 2021 not reaching 2019 level.
Cash ratio A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. Norfolk Southern Corp. cash ratio improved from 2019 to 2020 but then slightly deteriorated from 2020 to 2021 not reaching 2019 level.

Current Ratio

Norfolk Southern Corp., current ratio calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Selected Financial Data (US$ in millions)
Current assets 2,167  2,318  2,081  1,862  2,149 
Current liabilities 2,521  2,160  2,300  2,591  2,545 
Liquidity Ratio
Current ratio1 0.86 1.07 0.90 0.72 0.84
Benchmarks
Current Ratio, Competitors2
American Airlines Group Inc. 0.91 0.67 0.45 0.48 0.61
CSX Corp. 1.73 2.20 1.52 1.34 1.01
Delta Air Lines Inc. 0.76 1.09 0.41 0.34 0.42
FedEx Corp. 1.51 1.58 1.45 1.39 1.59
Union Pacific Corp. 0.62 1.01 0.79 0.90 1.02
United Parcel Service Inc. 1.42 1.19 1.11 1.15 1.22
Current Ratio, Sector
Transportation 1.08 1.12 0.77 0.76 0.85
Current Ratio, Industry
Industrials 1.27 1.37 1.08 1.07 1.17

Based on: 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).

1 2021 Calculation
Current ratio = Current assets ÷ Current liabilities
= 2,167 ÷ 2,521 = 0.86

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. Norfolk Southern Corp. current ratio improved from 2019 to 2020 but then deteriorated significantly from 2020 to 2021.

Quick Ratio

Norfolk Southern Corp., quick ratio calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Selected Financial Data (US$ in millions)
Cash and cash equivalents 839  1,115  580  358  690 
Accounts receivable, net 976  848  920  1,009  955 
Total quick assets 1,815  1,963  1,500  1,367  1,645 
 
Current liabilities 2,521  2,160  2,300  2,591  2,545 
Liquidity Ratio
Quick ratio1 0.72 0.91 0.65 0.53 0.65
Benchmarks
Quick Ratio, Competitors2
American Airlines Group Inc. 0.79 0.53 0.31 0.37 0.48
CSX Corp. 1.55 2.00 1.37 1.11 0.73
Delta Air Lines Inc. 0.65 0.97 0.28 0.22 0.27
FedEx Corp. 1.40 1.45 1.27 1.22 1.46
Union Pacific Corp. 0.47 0.79 0.56 0.65 0.70
United Parcel Service Inc. 1.32 1.00 0.99 0.99 1.01
Quick Ratio, Sector
Transportation 0.97 0.96 0.63 0.62 0.68
Quick Ratio, Industry
Industrials 0.79 0.87 0.64 0.65 0.75

Based on: 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).

1 2021 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 1,815 ÷ 2,521 = 0.72

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. Norfolk Southern Corp. quick ratio improved from 2019 to 2020 but then slightly deteriorated from 2020 to 2021 not reaching 2019 level.

Cash Ratio

Norfolk Southern Corp., cash ratio calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Selected Financial Data (US$ in millions)
Cash and cash equivalents 839  1,115  580  358  690 
Total cash assets 839  1,115  580  358  690 
 
Current liabilities 2,521  2,160  2,300  2,591  2,545 
Liquidity Ratio
Cash ratio1 0.33 0.52 0.25 0.14 0.27
Benchmarks
Cash Ratio, Competitors2
American Airlines Group Inc. 0.71 0.45 0.22 0.27 0.36
CSX Corp. 1.04 1.55 0.91 0.58 0.22
Delta Air Lines Inc. 0.54 0.89 0.14 0.10 0.14
FedEx Corp. 0.52 0.47 0.26 0.34 0.50
Union Pacific Corp. 0.17 0.43 0.19 0.28 0.32
United Parcel Service Inc. 0.60 0.37 0.37 0.36 0.32
Cash Ratio, Sector
Transportation 0.57 0.57 0.25 0.25 0.29
Cash Ratio, Industry
Industrials 0.40 0.48 0.30 0.28 0.37

Based on: 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).

1 2021 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 839 ÷ 2,521 = 0.33

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. Norfolk Southern Corp. cash ratio improved from 2019 to 2020 but then slightly deteriorated from 2020 to 2021 not reaching 2019 level.