Curtiss-Wright Corporation (CW)
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 | 1,717,080 | 1,545,120 | 1,523,560 | 1,446,260 | 1,516,010 | 1,414,680 | 1,438,420 | 1,309,880 | 1,307,810 | 1,423,810 | 1,401,390 | 1,286,740 | 1,300,820 | 1,580,750 | 1,267,210 | 1,282,940 | 1,529,790 | 1,416,290 | 1,336,650 | 1,238,740 |
| Total current liabilities | US$ in thousands | 806,544 | 775,379 | 720,927 | 672,190 | 981,045 | 840,364 | 1,059,210 | 800,251 | 734,867 | 765,143 | 774,472 | 734,802 | 810,377 | 665,834 | 661,978 | 629,057 | 744,731 | 648,105 | 637,869 | 603,268 |
| Current ratio | 2.13 | 1.99 | 2.11 | 2.15 | 1.55 | 1.68 | 1.36 | 1.64 | 1.78 | 1.86 | 1.81 | 1.75 | 1.61 | 2.37 | 1.91 | 2.04 | 2.05 | 2.19 | 2.10 | 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 some fluctuations over the past eight quarters. The company's current ratio ranged from a low of 1.36 in Q2 2022 to a high of 2.15 in Q1 2023. Generally, a current ratio above 2 indicates that a company has more than enough current assets to cover its short-term liabilities, which is a positive sign of financial health and liquidity.
Curtiss-Wright Corp.'s current ratio has been above 2 for three out of the last eight quarters, with a notable improvement seen in Q1 2023. This suggests that the company has strengthened its ability to meet its short-term obligations without much difficulty. However, there were periods, especially in Q2 2022, where the current ratio fell below 1.5, indicating a potential liquidity risk.
Overall, while the current ratio of Curtiss-Wright Corp. has shown some variability, the recent trend of the current ratio being above 2 is a positive indicator of the company's liquidity position. It would be important for stakeholders to monitor the current ratio in upcoming quarters to assess the company's ability to meet its short-term financial obligations.
Peer comparison
Dec 31, 2023