BorgWarner Inc (BWA)
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 | 6,217,000 | 5,900,000 | 6,876,000 | 6,607,000 | 6,617,000 | 6,547,000 | 6,480,000 | 6,640,000 | 6,597,000 | 6,462,000 | 6,537,000 | 6,582,000 | 6,167,000 | 5,165,000 | 4,641,000 | 3,741,000 | 3,836,000 | 3,987,000 | 3,849,000 | 3,719,000 |
| Total current liabilities | US$ in thousands | 3,767,000 | 3,573,000 | 4,235,000 | 4,148,000 | 4,236,000 | 3,816,000 | 3,651,000 | 3,859,000 | 3,798,000 | 3,637,000 | 3,862,000 | 3,921,000 | 3,810,000 | 2,199,000 | 1,970,000 | 2,124,000 | 2,329,000 | 2,525,000 | 2,313,000 | 2,299,000 |
| Current ratio | 1.65 | 1.65 | 1.62 | 1.59 | 1.56 | 1.72 | 1.77 | 1.72 | 1.74 | 1.78 | 1.69 | 1.68 | 1.62 | 2.35 | 2.36 | 1.76 | 1.65 | 1.58 | 1.66 | 1.62 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $6,217,000K ÷ $3,767,000K
= 1.65
The current ratio of BorgWarner Inc has shown some fluctuations over the past eight quarters, ranging from 1.56 to 1.77. The current ratio measures the company's ability to meet its short-term obligations with its current assets, with a higher ratio indicating a stronger liquidity position.
In the latest quarter, Q4 2023, the current ratio was 1.65, which remained consistent with the previous quarter. This suggests that BorgWarner Inc has a stable liquidity position, with current assets being 1.65 times greater than current liabilities. However, the slight decrease from the peak ratio of 1.77 in Q3 2022 indicates that the company may have had a slight decline in liquidity since then.
Overall, BorgWarner Inc has maintained a current ratio above 1.5 in all quarters, indicating a generally healthy liquidity position. It is important for investors and stakeholders to continue monitoring the company's current ratio to ensure it remains at appropriate levels to meet its short-term obligations effectively.
Peer comparison
Dec 31, 2023