Curtiss-Wright Corporation (CW)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,849,590 | 1,717,080 | 1,516,010 | 1,307,810 | 1,300,820 |
| Total current liabilities | US$ in thousands | 1,095,950 | 806,544 | 981,045 | 734,867 | 810,377 |
| Current ratio | 1.69 | 2.13 | 1.55 | 1.78 | 1.61 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,849,590K ÷ $1,095,950K
= 1.69
The current ratio of Curtiss-Wright Corporation has shown fluctuations over the past five years. The ratio stood at 1.61 as of December 31, 2020, indicating that the company had $1.61 in current assets to cover each dollar of current liabilities.
By the end of 2021, the current ratio improved to 1.78, suggesting better short-term liquidity and an increased ability to meet its short-term obligations. However, in 2022, the ratio decreased to 1.55, which may raise concerns about the company's ability to cover its current liabilities with its current assets.
In a positive trend, the current ratio significantly improved to 2.13 by December 31, 2023, surpassing the ideal threshold of 2. This could signal strong liquidity and financial health for the company.
By the end of 2024, the current ratio slightly dropped to 1.69. It is important for Curtiss-Wright Corporation to monitor this ratio closely to ensure it maintains a healthy balance between current assets and liabilities to meet its short-term financial obligations effectively.
Peer comparison
Dec 31, 2024