Curtiss-Wright Corporation (CW)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,717,080 | 1,516,010 | 1,307,810 | 1,300,820 | 1,529,790 |
| Total current liabilities | US$ in thousands | 806,544 | 981,045 | 734,867 | 810,377 | 744,731 |
| Current ratio | 2.13 | 1.55 | 1.78 | 1.61 | 2.05 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,717,080K ÷ $806,544K
= 2.13
The current ratio of Curtiss-Wright Corp. has shown fluctuations over the past five years. In 2023, the current ratio increased to 2.13 from 1.56 in 2022, indicating that the company's ability to cover its short-term obligations with its current assets improved significantly. This suggests that Curtiss-Wright Corp. may have increased its current assets relative to its current liabilities in 2023.
Although the current ratio dipped in 2022 compared to the previous year, it remained above 1, which generally indicates that the company was able to meet its short-term obligations with its current assets. The slight decrease in 2022 may have been a result of various factors such as changes in the company's current asset and liability composition.
In 2021, the current ratio improved to 1.78 from 1.61 in 2020, reflecting a better ability to cover short-term liabilities with current assets. This was a positive trend suggesting that Curtiss-Wright Corp. strengthened its liquidity position compared to the previous year.
The current ratio was relatively strong in 2019 at 2.05, indicating that the company had more than sufficient current assets to cover its short-term liabilities. However, the current ratio decreased in the following years before rebounding in 2023.
Overall, the current ratio of Curtiss-Wright Corp. has shown variability over the years, with fluctuations possibly influenced by changes in the company's current asset and liability structure. The recent increase in the current ratio to 2.13 in 2023 reflects a positive development in the company's liquidity position compared to the previous year.
Peer comparison
Dec 31, 2023