Carrier Global Corp (CARR)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 9,891,000 | 19,576,000 | 9,879,000 | 11,407,000 | 8,524,000 |
| Total current liabilities | US$ in thousands | 7,892,000 | 6,981,000 | 6,032,000 | 6,627,000 | 5,110,000 |
| Current ratio | 1.25 | 2.80 | 1.64 | 1.72 | 1.67 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $9,891,000K ÷ $7,892,000K
= 1.25
The current ratio of Carrier Global Corp has shown some fluctuations over the past five years. As of December 31, 2020, the current ratio was 1.67, indicating that the company had $1.67 in current assets for every $1 of current liabilities.
By December 31, 2021, the current ratio had improved to 1.72, suggesting a slightly better liquidity position compared to the previous year. However, there was a decrease in the current ratio to 1.64 by the end of 2022, reflecting a potential strain on short-term liquidity.
A significant improvement was observed by December 31, 2023, when the current ratio surged to 2.80. This substantial increase indicates a strong ability to cover current liabilities with current assets.
However, there was a notable decline in the current ratio to 1.25 by December 31, 2024. This decline may raise concerns about the company's short-term liquidity position and its ability to meet current obligations.
Overall, the current ratio trend of Carrier Global Corp shows some variation, with fluctuations impacting its liquidity position over the five-year period. It is important for stakeholders to monitor these fluctuations and assess the company's ability to manage its short-term obligations effectively.
Peer comparison
Dec 31, 2024