Aptiv PLC (APTV)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 8,247,000 | 7,784,000 | 8,436,000 | 7,465,000 | 5,319,000 |
| Total current liabilities | US$ in thousands | 4,808,000 | 4,865,000 | 4,207,000 | 4,046,000 | 4,054,000 |
| Current ratio | 1.72 | 1.60 | 2.01 | 1.85 | 1.31 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $8,247,000K ÷ $4,808,000K
= 1.72
The current ratio of Aptiv PLC has shown a fluctuating trend over the past five years. The ratio stood at 1.72 as of December 31, 2023, indicating that the company had $1.72 in current assets for every $1 in current liabilities. This represents an improvement compared to the prior year, where the ratio was 1.60.
Looking back further, the current ratio was 2.01 in 2021, 1.85 in 2020, and 1.31 in 2019. The significant increase from 2019 to 2021 suggests improved liquidity and the ability to meet short-term obligations more comfortably. However, the slight dip in 2022 and the subsequent increase in 2023 may signify fluctuations in current assets and liabilities.
Overall, Aptiv PLC's current ratio has generally remained above 1, indicating a healthy level of liquidity, with the company having sufficient current assets to cover its current liabilities. Movement in the current ratio should be further assessed in conjunction with other financial metrics to gain a more comprehensive understanding of the company's financial health.
Peer comparison
Dec 31, 2023