0(0%) Volume: 627,688 3:15AM EDT| Market Cap : 7.13 B | Enterprise Value : 14.65 B | P/E (TTM) : 26.50 | P/B : 3.65 |
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The current ratio is a liquidity ratio that measures a company's ability to pay short-term obligations. It is calculated as a company's Total Current Assets divides by its Total Current Liabilities. XPO Logistics's current ratio for the quarter that ended in Jun. 2019 was 1.03.
XPO Logistics has a current ratio of 1.03. It generally indicates good short-term financial strength.
During the past 13 years, XPO Logistics's highest Current Ratio was 13.46. The lowest was 0.94. And the median was 1.63.
* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.
| XPO Logistics Quarterly Data | ||||||||||||||||||||
| Sep14 | Dec14 | Mar15 | Jun15 | Sep15 | Dec15 | Mar16 | Jun16 | Sep16 | Dec16 | Mar17 | Jun17 | Sep17 | Dec17 | Mar18 | Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | |
| Current Ratio |
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1.26 | 1.28 | 1.11 | 1.07 | 1.03 |
* The bar in red indicates where XPO Logistics's Current Ratio falls into.
The current ratio is mainly used to give an idea of the company's ability to pay back its short-term liabilities with its short-term assets.
XPO Logistics's Current Ratio for the fiscal year that ended in Dec. 2018
XPO Logistics's Current Ratio for the quarter that ended in Jun. 2019 is calculated as * All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.
Current Ratio (A: Dec. 2018 ) = Total Current Assets (A: Dec. 2018 ) / Total Current Liabilities (A: Dec. 2018 )
= 3688 / 3313
= 1.11
Current Ratio (Q: Jun. 2019 ) = Total Current Assets (Q: Jun. 2019 ) / Total Current Liabilities (Q: Jun. 2019 )
= 3790 / 3671
= 1.03
The current ratio can give a sense of the efficiency of a company's operating cycle or its ability to turn its product into cash. Companies that have trouble getting paid on their receivables or have long inventory turnover can run into liquidity problems because they are unable to alleviate their obligations. Because business operations differ in each industry, it is always more useful to compare companies within the same industry.
Acceptable current ratios vary from industry to industry and are generally between 1 and 3 for healthy businesses.
The higher the current ratio, the more capable the company is of paying its obligations. A ratio under 1 suggests that the company would be unable to pay off its obligations if they came due at that point. While this shows the company is not in good financial health, it does not necessarily mean that it will go bankrupt - as there are many ways to access financing - but it is definitely not a good sign.
If all other things were equal, a creditor, who is expecting to be paid in the next 12 months, would consider a high current ratio to be better than a low current ratio, because a high current ratio means that the company is more likely to meet its liabilities which fall due in the next 12 months.
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