Brunswick Corporation (BC)
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 | 2,509,700 | 2,441,300 | 2,672,800 | 2,678,400 | 2,695,200 | 2,595,000 | 2,685,400 | 2,791,200 | 2,124,600 | 2,942,000 | 1,988,000 | 1,835,700 | 1,670,500 | 1,681,200 | 1,714,100 | 1,869,800 | 1,525,800 | 1,693,600 | 2,011,400 | 1,937,800 |
| Total current liabilities | US$ in thousands | 1,752,100 | 1,659,200 | 1,394,000 | 1,438,600 | 1,489,900 | 1,379,300 | 1,347,700 | 1,328,200 | 1,442,200 | 1,256,300 | 1,251,300 | 1,129,000 | 1,079,200 | 949,600 | 1,054,600 | 1,286,200 | 944,400 | 904,000 | 1,015,700 | 1,205,700 |
| Current ratio | 1.43 | 1.47 | 1.92 | 1.86 | 1.81 | 1.88 | 1.99 | 2.10 | 1.47 | 2.34 | 1.59 | 1.63 | 1.55 | 1.77 | 1.63 | 1.45 | 1.62 | 1.87 | 1.98 | 1.61 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $2,509,700K ÷ $1,752,100K
= 1.43
The current ratio of Brunswick Corp. has fluctuated over the past eight quarters. The current ratio measures the company's ability to cover its short-term liabilities with its current assets. A higher current ratio signifies a stronger liquidity position.
In Q1 2022, Brunswick Corp. had a current ratio of 2.10, indicating a healthy liquidity position. However, the current ratio declined in subsequent quarters, reaching a low of 1.43 in Q4 2023. This downward trend suggests a potential challenge in meeting short-term obligations with current assets.
Despite the fluctuations, the company generally maintained a current ratio above 1.0 across all quarters, indicating that it had more current assets than current liabilities. However, the declining trend in recent quarters may warrant further investigation into Brunswick Corp.'s liquidity management and working capital strategies to ensure its ability to meet short-term financial obligations.
Peer comparison
Dec 31, 2023