Stock Analysis on Net

United Parcel Service Inc. (NYSE:UPS)

$24.99

Current Ratio
since 2005

Microsoft Excel

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Calculation

United Parcel Service Inc., current ratio, long-term trends, calculation

Microsoft Excel

Based on: 10-K (reporting date: 2025-12-31), 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 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: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

1 US$ in millions


The current ratio for the period examined demonstrates fluctuations over time, generally remaining above 1.0, indicating a consistent ability to cover short-term liabilities with short-term assets. However, the ratio exhibits a notable decline from the beginning to the mid-2010s, followed by periods of recovery and subsequent decline again.

Initial Period (2005-2007)
The current ratio began at 1.62 in 2005, then decreased to 1.40 in 2006, and further to 1.20 in 2007. This represents a consistent, though moderate, downward trend during this period.
Period of Volatility (2008-2010)
From 2007 to 2010, the ratio experienced significant volatility. It decreased to 1.13 in 2008, increased substantially to 1.96 in 2010, and then settled at 1.49 in 2009. This suggests potential shifts in short-term asset and liability management during the global financial crisis and its immediate aftermath.
Mid-2010s Decline (2011-2015)
Following 2010, the current ratio generally trended downward, decreasing from 1.89 in 2011 to 1.18 in 2015. This decline indicates a weakening in the company’s short-term liquidity position during this timeframe. The ratio reached a low of 1.18 in 2015.
Recent Fluctuations (2016-2025)
From 2016 to 2025, the current ratio exhibited continued fluctuations. It increased to 1.22 in 2017, then decreased to 1.11 in 2018, and remained relatively stable around the 1.20 mark for several years. A peak of 1.42 was observed in 2020, followed by a decline to 1.17 in 2023 and a slight increase to 1.22 in 2025. This period suggests ongoing adjustments in working capital management.
Overall Trend
While the current ratio consistently remained above 1.0 throughout the examined period, indicating the company generally possesses sufficient current assets to cover its current liabilities, the ratio has not demonstrated a consistent upward or downward trajectory. Instead, it has fluctuated, with a general tendency towards lower values in more recent years compared to the earlier part of the period.

Comparison to Competitors

United Parcel Service Inc., current ratio, long-term trends, comparison to competitors

Microsoft Excel

Based on: 10-K (reporting date: 2025-12-31), 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 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: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).


Comparison to Sector (Transportation)


Comparison to Industry (Industrials)