Corteva Inc (CTVA)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 16,260,000 | 16,795,000 | 15,546,000 | 14,768,000 | 13,519,000 |
| Total current liabilities | US$ in thousands | 10,409,000 | 10,744,000 | 9,558,000 | 8,548,000 | 8,238,000 |
| Current ratio | 1.56 | 1.56 | 1.63 | 1.73 | 1.64 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $16,260,000K ÷ $10,409,000K
= 1.56
The current ratio of Corteva Inc has gradually decreased from 1.73 in 2020 to 1.56 in both 2022 and 2023, with a slight peak at 1.63 in 2021. A current ratio of 1.56 in both 2022 and 2023 indicates that the company had $1.56 in current assets to cover every $1 of current liabilities during those years. Although the current ratio has been relatively stable around 1.56 in recent years, the downward trend from 2020 to 2023 may suggest a decrease in liquidity and potential challenges in meeting short-term obligations. It is important for Corteva Inc to closely monitor its current ratio and ensure it maintains sufficient liquidity to support its operations and meet financial obligations in the short term.
Peer comparison
Dec 31, 2023