The Boeing Company (BA)
Quick 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 | 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 |
| Receivables | US$ in thousands | 2,649,000 | 3,032,000 | 2,945,000 | 2,862,000 | 2,517,000 | 2,673,000 | 2,996,000 | 2,407,000 | 2,641,000 | 2,247,000 | 2,490,000 | 2,356,000 | 1,955,000 | 2,762,000 | 2,793,000 | 3,211,000 | 3,266,000 | 3,564,000 | 3,291,000 | 3,669,000 |
| 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 |
| Quick ratio | 0.19 | 0.18 | 0.18 | 0.19 | 0.22 | 0.19 | 0.17 | 0.18 | 0.23 | 0.26 | 0.27 | 0.27 | 0.32 | 0.32 | 0.38 | 0.20 | 0.14 | 0.16 | 0.14 | 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, also known as the acid-test ratio, measures a company's ability to meet its short-term obligations with its most liquid assets. A quick ratio less than 1.0 generally indicates potential liquidity issues.
Boeing Co.'s quick ratio has shown a declining trend over the past several quarters. As of December 31, 2023, the quick ratio stands at 0.31, compared to 0.32 in the previous quarter. This indicates that the company may have difficulty meeting its short-term obligations using its most liquid assets alone.
The declining trend raises concerns about Boeing's short-term liquidity position. Investors and creditors may closely monitor this trend to assess the company's ability to cover its immediate financial obligations. It is important for Boeing Co. to carefully manage its liquidity and working capital to improve its quick ratio and strengthen its short-term financial position.
Peer comparison
Dec 31, 2023