The Boeing Company (BA)
Quick 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 | 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 |
| Receivables | US$ in thousands | 2,631,000 | 2,894,000 | 3,155,000 | 2,959,000 | 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 |
| 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 |
| Quick ratio | 0.30 | 0.14 | 0.16 | 0.11 | 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 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($13,801,000K
+ $12,481,000K
+ $2,631,000K)
÷ $97,078,000K
= 0.30
The quick ratio of The Boeing Company has shown fluctuations over the analyzed period. The quick ratio, which measures the company's ability to meet its short-term obligations with its most liquid assets, has generally been below 1, indicating potential liquidity challenges.
The quick ratio decreased from 0.20 as of March 31, 2020, to 0.17 as of June 30, 2022, showing a downward trend in liquidity. There was a slight increase to 0.30 by December 31, 2024, but this was preceded by significant fluctuations in the ratio over the intervening quarters.
Overall, the quick ratio of The Boeing Company indicates that it may have faced challenges in meeting its short-term obligations with its liquid assets. It is important for investors and stakeholders to monitor this ratio closely to assess the company's liquidity position and financial health.
Peer comparison
Dec 31, 2024