The Boeing Company (BA)
Cash ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 13,801,000 | 9,961,000 | 10,894,000 | 6,914,000 | 12,691,000 | 6,811,000 | 7,254,000 | 10,812,000 | 14,614,000 | 13,494,000 | 10,090,000 | 7,409,000 | 8,052,000 | 9,764,000 | 8,271,000 | 7,059,000 | 7,752,000 | 10,564,000 | 19,992,000 | 15,039,000 |
| Short-term investments | US$ in thousands | 12,481,000 | 509,000 | 1,727,000 | 615,000 | 3,274,000 | 6,561,000 | 6,508,000 | 3,955,000 | 2,606,000 | 763,000 | 1,358,000 | 4,873,000 | 8,192,000 | 10,231,000 | 13,071,000 | 14,861,000 | 17,838,000 | 16,552,000 | 12,438,000 | 488,000 |
| Total current liabilities | US$ in thousands | 97,078,000 | 97,300,000 | 96,630,000 | 93,258,000 | 95,827,000 | 93,062,000 | 92,076,000 | 93,510,000 | 90,052,000 | 89,618,000 | 84,799,000 | 81,692,000 | 81,992,000 | 85,771,000 | 88,224,000 | 89,892,000 | 87,280,000 | 92,307,000 | 92,482,000 | 94,502,000 |
| Cash ratio | 0.27 | 0.11 | 0.13 | 0.08 | 0.17 | 0.14 | 0.15 | 0.16 | 0.19 | 0.16 | 0.14 | 0.15 | 0.20 | 0.23 | 0.24 | 0.24 | 0.29 | 0.29 | 0.35 | 0.16 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($13,801,000K
+ $12,481,000K)
÷ $97,078,000K
= 0.27
The cash ratio of The Boeing Company has fluctuated over the past few years, indicating its ability to cover short-term liabilities with its cash and cash equivalents. The trend shows a gradual decline from 0.35 in June 2020 to 0.11 in September 2024, except for a spike to 0.27 in December 2024. This downward trend suggests a potential decrease in the company's liquidity and immediate ability to meet its short-term obligations using cash alone.
It is important to note that a low cash ratio may signal operational challenges or financial strain, as the company may not have sufficient liquid assets to cover its current liabilities. However, the absolute interpretation of the cash ratio should be made in conjunction with other financial ratios and analysis to provide a holistic view of The Boeing Company's financial health and liquidity position.
Peer comparison
Dec 31, 2024