Brunswick Corporation (BC)

Liquidity ratios

	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
Current ratio	3.32	1.97	1.70	1.68	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
Quick ratio	0.42	0.24	0.37	0.33	0.27	0.20	0.34	0.27	0.40	0.36	0.46	0.52	0.25	1.18	0.47	0.42	0.53	0.69	0.51	0.39
Cash ratio	0.42	0.24	0.37	0.33	0.27	0.20	0.34	0.27	0.40	0.36	0.46	0.52	0.25	1.18	0.47	0.42	0.53	0.69	0.51	0.39

The current ratio for Brunswick Corporation has fluctuated over the past few years, indicating the company's ability to meet its short-term obligations with its current assets. The ratio ranged from a low of 1.43 to a high of 3.32. While a current ratio above 1 suggests the company can cover its current liabilities with current assets, a ratio that is too high may indicate inefficiency in asset utilization.

On the other hand, the quick ratio, which excludes inventory from current assets, shows a more conservative view of liquidity. Brunswick's quick ratio ranged from 0.20 to 1.18 during the same period. A quick ratio above 1 indicates that the company can cover its short-term obligations without relying on selling inventory, which is essential for companies with slow-moving inventory or in volatile industries.

The cash ratio, which is the most stringent measure of liquidity as it considers only cash and cash equivalents, displayed a similar trend to the quick ratio. Ranging from 0.20 to 1.18, the cash ratio shows Brunswick's ability to meet its short-term obligations using only its most liquid assets.

Overall, Brunswick Corporation's liquidity ratios suggest that the company has maintained a reasonable ability to meet its short-term obligations throughout the years, with fluctuations that may reflect changes in the company's operating cycle or strategic decisions related to managing liquidity.

Additional liquidity measure

		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 conversion cycle	days	120.85	132.66	131.62	129.41	116.82	110.54	112.35	111.65	109.66	108.79	108.55	112.23	105.48	86.89	80.42	81.50	82.89	71.93	87.17	104.37

The cash conversion cycle of Brunswick Corporation has fluctuated over the periods provided in the data. The company started with a relatively high cash conversion cycle of 104.37 days on March 31, 2020, indicating a longer period to convert its investments in inventory and other resources into cash.

Subsequently, the company managed to reduce its cash conversion cycle, reaching a low of 71.93 days on September 30, 2020. This indicates that Brunswick improved its efficiency in managing its working capital during that period. However, there was a slight increase to 82.89 days by December 31, 2020.

The trend continued with fluctuations over the following quarters, with the cash conversion cycle ranging from 80.42 to 112.35 days. Notably, there was a significant increase to 129.41 days on March 31, 2024, and a further increase to 132.66 days by September 30, 2024. These higher figures suggest that Brunswick faced challenges in optimizing its working capital management and converting its investments into cash during these periods.

Overall, the fluctuating cash conversion cycle of Brunswick Corporation indicates varying efficiency levels in managing its operating cycle and working capital, which could impact its liquidity and financial performance over the periods analyzed.