UPS Backed by Strong Liquidity and Growth in E-Commerce - NASDAQ
We recently issued an updated report on United Parcel Service, Inc. UPS.
UPS has a strong balance sheet. The company exited the third quarter with cash and equivalents of $9,241 million, above the current maturities of long-term debt, commercial paper, operating and finance leases of $2,942 million. This suggests that it has enough cash to meet its current debt obligations.
In this coronavirus-ravaged world, e-commerce is gaining momentum amid the social-distancing protocols, quarantine and lockdowns. Owing to the surge in residential delivery volumes and a strong outbound demand from Asia, UPS performed very well this year. Shares of UPS have gained 44.4% in a year compared with 64.2% growth of the industry.
We recently issued an updated report on United Parcel Service, Inc. UPS.
UPS has a strong balance sheet. The company exited the third quarter with cash and equivalents of $9,241 million, above the current maturities of long-term debt, commercial paper, operating and finance leases of $2,942 million. This suggests that it has enough cash to meet its current debt obligations.
In this coronavirus-ravaged world, e-commerce is gaining momentum amid the social-distancing protocols, quarantine and lockdowns. Owing to the surge in residential delivery volumes and a strong outbound demand from Asia, UPS performed very well this year. Shares of UPS have gained 44.4% in a year compared with 64.2% growth of the industry.
