Baker Hughes Co (BKR)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 17,211,000 | 16,568,000 | 15,930,000 | 16,420,000 | 16,301,000 | 16,161,000 | 15,806,000 | 15,386,000 | 14,592,000 | 14,335,000 | 14,199,000 | 14,707,000 | 15,065,000 | 14,887,000 | 15,512,000 | 15,786,000 | 16,455,000 | 15,208,000 | 15,502,000 | 14,653,000 |
| Total current liabilities | US$ in thousands | 12,991,000 | 12,790,000 | 12,586,000 | 13,179,000 | 12,991,000 | 12,681,000 | 12,311,000 | 11,618,000 | 11,075,000 | 9,465,000 | 9,375,000 | 9,142,000 | 9,128,000 | 9,354,000 | 9,805,000 | 9,958,000 | 10,227,000 | 10,639,000 | 10,567,000 | 10,141,000 |
| Current ratio | 1.32 | 1.30 | 1.27 | 1.25 | 1.25 | 1.27 | 1.28 | 1.32 | 1.32 | 1.51 | 1.51 | 1.61 | 1.65 | 1.59 | 1.58 | 1.59 | 1.61 | 1.43 | 1.47 | 1.44 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $17,211,000K ÷ $12,991,000K
= 1.32
The current ratio of Baker Hughes Co has shown a generally stable trend over the past few years, ranging from a low of 1.25 to a high of 1.65. The current ratio measures the company's ability to cover its short-term liabilities with its current assets. A current ratio above 1 indicates that the company has more current assets than current liabilities, which is seen as a positive signal of financial health and liquidity.
Baker Hughes Co's current ratio has consistently remained above 1, indicating that the company has generally been able to meet its short-term obligations using its current assets. The slight fluctuations in the current ratio over the reporting periods may be attributed to changes in the company's current asset and liability levels.
Overall, the current ratio of Baker Hughes Co suggests that the company has maintained a healthy liquidity position, with sufficient current assets to cover its short-term liabilities. It is important for investors and stakeholders to continue monitoring the current ratio to assess the company's ongoing ability to meet its short-term financial obligations.
Peer comparison
Dec 31, 2024