The Boeing Company (BA)
Cash 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 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 | 9,485,000 | 9,763,000 | 9,167,000 | 6,836,000 |
| Short-term investments | US$ in thousands | 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 | 545,000 | 1,150,000 | 439,000 | 893,000 |
| Total current liabilities | US$ in thousands | 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 | 97,312,000 | 91,846,000 | 92,189,000 | 83,615,000 |
| Cash ratio | 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 | 0.10 | 0.12 | 0.10 | 0.09 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($12,691,000K
+ $3,274,000K)
÷ $95,827,000K
= 0.17
The cash ratio of Boeing Co. has fluctuated over the past eight quarters, ranging from 0.16 to 0.22. This ratio measures the company's ability to cover its short-term liabilities with its cash and cash equivalents. A higher cash ratio is typically viewed favorably as it indicates a stronger ability to meet short-term obligations. However, it's important to note that excessively high cash ratios may imply that the company is not efficiently utilizing its cash resources. Boeing Co.'s cash ratio trend should be monitored to assess its liquidity management and financial health.
Peer comparison
Dec 31, 2023