Corteva Inc (CTVA)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 15,097,000 | 16,260,000 | 16,795,000 | 15,546,000 | 14,768,000 |
| Total current liabilities | US$ in thousands | 10,386,000 | 10,409,000 | 10,744,000 | 9,558,000 | 8,548,000 |
| Current ratio | 1.45 | 1.56 | 1.56 | 1.63 | 1.73 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $15,097,000K ÷ $10,386,000K
= 1.45
The current ratio of Corteva Inc has exhibited a declining trend over the past five years, decreasing from 1.73 in December 2020 to 1.45 in December 2024. Despite this decline, the current ratio has generally remained above 1, indicating that the company has had sufficient current assets to cover its current liabilities each year. However, the decreasing trend suggests that Corteva Inc may be experiencing challenges in managing its short-term liquidity or effectively utilizing its current assets to meet short-term obligations. It is important for the company to closely monitor this ratio to ensure it maintains a healthy level of liquidity for its operations.
Peer comparison
Dec 31, 2024