The Boeing Company (BA)
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 | 109,275,000 | 106,935,000 | 107,412,000 | 108,811,000 | 109,523,000 | 109,251,000 | 106,000,000 | 106,012,000 | 108,666,000 | 116,888,000 | 119,095,000 | 119,945,000 | 121,642,000 | 131,012,000 | 130,277,000 | 111,011,000 | 102,229,000 | 101,656,000 | 95,111,000 | 89,509,000 |
| 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 |
| Current ratio | 1.14 | 1.15 | 1.17 | 1.16 | 1.22 | 1.22 | 1.25 | 1.30 | 1.33 | 1.36 | 1.35 | 1.33 | 1.39 | 1.42 | 1.41 | 1.17 | 1.05 | 1.11 | 1.03 | 1.07 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $109,275,000K ÷ $95,827,000K
= 1.14
The current ratio of Boeing Co. has exhibited a declining trend over the past eight quarters, decreasing from 1.30 in March 2022 to 1.14 in December 2023. This downward trajectory indicates a potential weakening ability to meet short-term obligations with current assets. While the current ratio remains above 1, suggesting the company's capability to cover its current liabilities, the decreasing trend warrants close attention to the management of working capital and liquidity. Further analysis of the composition and quality of current assets, as well as the management of short-term liabilities, is necessary to fully assess the implications of this trend.
Peer comparison
Dec 31, 2023