Corteva Inc (CTVA)
Current ratio
| 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 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 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 | 13,519,000 | 14,117,000 | 14,445,000 | 24,061,000 |
| Total current liabilities | US$ in thousands | 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 | 8,238,000 | 8,993,000 | 8,614,000 | 14,078,000 |
| Current ratio | 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 | 1.64 | 1.57 | 1.68 | 1.71 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $16,260,000K ÷ $10,409,000K
= 1.56
The current ratio measures Corteva Inc's ability to cover its short-term liabilities with its short-term assets. A higher current ratio indicates a stronger liquidity position.
Based on the data provided, Corteva's current ratio has fluctuated over the past eight quarters, ranging from a low of 1.39 in Q1 2023 to a high of 1.88 in Q2 2022.
In Q4 2023, the current ratio stands at 1.56, which is slightly lower than the previous quarter but in line with the ratios observed in the past. This indicates that Corteva may be able to meet its short-term obligations, such as debt payments and operational expenses, with its current assets.
Overall, Corteva's current ratio has shown some variability but has generally remained above 1.5, suggesting that the company has a reasonable ability to cover its short-term obligations with its current assets. However, analysts should continue to monitor this ratio to ensure that Corteva maintains a healthy liquidity position.
Peer comparison
Dec 31, 2023