Aptiv PLC (APTV)

Current ratio

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Total current assets	US$ in thousands	8,247,000	8,490,000	8,072,000	7,725,000	7,784,000	10,983,000	10,558,000	10,774,000	8,436,000	8,104,000	8,055,000	7,801,000	7,465,000	6,589,000	5,412,000	6,190,000	5,319,000	5,385,000	4,854,000	4,819,000
Total current liabilities	US$ in thousands	4,808,000	4,696,000	4,589,000	4,508,000	4,865,000	4,129,000	4,019,000	4,146,000	4,207,000	3,834,000	3,905,000	3,962,000	4,046,000	3,579,000	2,859,000	3,655,000	4,054,000	3,875,000	3,991,000	4,014,000
Current ratio		1.72	1.81	1.76	1.71	1.60	2.66	2.63	2.60	2.01	2.11	2.06	1.97	1.85	1.84	1.89	1.69	1.31	1.39	1.22	1.20

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 fluctuation over the past eight quarters, ranging from a low of 1.60 in Q4 2022 to a high of 2.66 in Q3 2022. Generally, a current ratio above 1 indicates that the company has more current assets than current liabilities to cover its short-term obligations.

In the recent quarters, Aptiv's current ratio has been above 1.7, indicating a healthy liquidity position. This suggests that the company may be efficiently managing its working capital and is capable of meeting its short-term financial commitments. However, the decreasing trend from Q3 2022 to Q4 2023 warrants further monitoring to assess if the company can sustain its liquidity position in the future.

Overall, the current ratio trend of Aptiv PLC indicates a relatively stable liquidity position, but investors and analysts should keep an eye on any significant changes that could impact the company's ability to meet its short-term obligations.