CNH Industrial N.V. (CNH)
Current ratio
| 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 8,380,000 | 8,598,000 | 10,148,000 | 10,590,000 | 10,132,000 | 10,336,000 | 9,988,000 | 9,940,000 | 9,176,000 | 9,057,000 | 9,488,000 | 14,837,000 | 15,875,000 | 16,519,000 | 15,204,000 | 16,043,000 | 14,403,000 | 14,494,000 | 12,139,000 | 12,855,000 |
| Total current liabilities | US$ in thousands | 21,000 | 21,000 | 23,000 | 24,000 | 19,000 | 16,000 | 4,000 | 16,000 | 12,000 | 11,000 | 10,000 | 367,000 | 390,000 | 407,000 | 388,000 | 389,000 | 362,000 | 349,000 | 301,000 | 319,000 |
| Current ratio | 399.05 | 409.43 | 441.22 | 441.25 | 533.26 | 646.00 | 2,497.00 | 621.25 | 764.67 | 823.36 | 948.80 | 40.43 | 40.71 | 40.59 | 39.19 | 41.24 | 39.79 | 41.53 | 40.33 | 40.30 |
September 30, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $8,380,000K ÷ $21,000K
= 399.05
The current ratio of CNH Industrial N.V. has shown significant fluctuations over the quarters, ranging from a low of 39.19 to a high of 2,497.00. Such extreme values indicate potential data anomalies or irregularities that may skew the ratio calculation. However, looking at the more stable values, the current ratio has generally been above 1, indicating that the company has had more than enough current assets to cover its current liabilities.
From the most recent data, the current ratio has been trending downwards, suggesting a potential deterioration in the company's liquidity position. Investors and analysts will need to monitor this trend closely to ensure that CNH Industrial N.V. can meet its short-term obligations in the future. Further analysis of the individual components of current assets and liabilities would provide more insights into the company's liquidity management.
Peer comparison
Sep 30, 2024