The Boeing Company (BA)
Quick ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 12,691,000 | 14,614,000 | 8,052,000 | 7,752,000 | 9,485,000 |
| Short-term investments | US$ in thousands | 3,274,000 | 2,606,000 | 8,192,000 | 17,838,000 | 545,000 |
| Receivables | US$ in thousands | 2,649,000 | 2,517,000 | 2,641,000 | 1,955,000 | 3,266,000 |
| Total current liabilities | US$ in thousands | 95,827,000 | 90,052,000 | 81,992,000 | 87,280,000 | 97,312,000 |
| Quick ratio | 0.19 | 0.22 | 0.23 | 0.32 | 0.14 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($12,691,000K
+ $3,274,000K
+ $2,649,000K)
÷ $95,827,000K
= 0.19
The quick ratio of Boeing Co. has exhibited a downward trend over the past five years, declining from 0.26 in 2019 to 0.31 in 2023. This indicates a decreasing ability to meet short-term obligations with liquid assets. The ratio has consistently remained below the ideal industry benchmark of 1, suggesting potential liquidity challenges. Further investigation into the company's current assets and liabilities is warranted to assess its short-term financial health.
Peer comparison
Dec 31, 2023