Corteva Inc (CTVA)
Current ratio
| Dec 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 15,097,000 | 15,649,000 | 15,359,000 | 17,163,000 | 16,260,000 | 16,333,000 | 17,207,000 | 18,329,000 | 16,795,000 | 15,045,000 | 14,764,000 | 15,878,000 | 15,546,000 | 14,146,000 | 14,285,000 | 15,036,000 | 14,768,000 | 14,088,000 | 14,422,000 | 14,679,000 |
| Total current liabilities | US$ in thousands | 10,386,000 | 10,424,000 | 8,953,000 | 11,332,000 | 10,409,000 | 10,348,000 | 10,346,000 | 13,231,000 | 10,744,000 | 8,918,000 | 7,856,000 | 9,653,000 | 9,558,000 | 7,805,000 | 7,252,000 | 8,999,000 | 8,548,000 | 7,734,000 | 7,529,000 | 9,199,000 |
| Current ratio | 1.45 | 1.50 | 1.72 | 1.51 | 1.56 | 1.58 | 1.66 | 1.39 | 1.56 | 1.69 | 1.88 | 1.64 | 1.63 | 1.81 | 1.97 | 1.67 | 1.73 | 1.82 | 1.92 | 1.60 |
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 fluctuated over the past few years, ranging from a low of 1.39 to a high of 1.97. This ratio indicates the company's ability to cover its short-term liabilities with its short-term assets. Generally, a current ratio above 1 suggests that the company has enough current assets to meet its current liabilities.
Looking at the trend, we observe that the current ratio increased gradually from March 2020 to June 2021, peaked at 1.97, and then fluctuated around 1.6 to 1.9 until June 2024. However, in the last two quarters of 2024, the current ratio decreased slightly to 1.45, potentially indicating a decrease in the company's liquidity and ability to meet short-term obligations.
It is important for Corteva Inc to monitor its current ratio closely to ensure it maintains a healthy level of liquidity and can continue to meet its short-term obligations effectively. Any significant deviations from the historical trend should be investigated to understand the root causes and take necessary corrective actions.
Peer comparison
Dec 31, 2024