Dupont De Nemours Inc (DD)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 7,514,000 | 11,270,000 | 14,303,000 | 29,008,000 | 9,999,000 |
| Total current liabilities | US$ in thousands | 3,098,000 | 3,733,000 | 4,931,000 | 12,226,000 | 8,346,000 |
| Current ratio | 2.43 | 3.02 | 2.90 | 2.37 | 1.20 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $7,514,000K ÷ $3,098,000K
= 2.43
The current ratio of DuPont de Nemours Inc has shown fluctuations over the past five years, with the ratio decreasing from 3.02 in 2022 to 1.89 in 2021 before increasing to 2.43 in 2023. The current ratio measures the company's ability to cover its short-term liabilities with its current assets. A ratio above 1 indicates the company has more current assets than current liabilities.
In 2023, the current ratio of 2.43 suggests that DuPont de Nemours Inc had $2.43 in current assets for every $1 in current liabilities, showing an improvement in liquidity compared to the previous year. This increase in the current ratio could indicate better management of working capital or an increase in current assets relative to current liabilities, potentially enhancing the company's ability to meet its short-term obligations.
Despite the fluctuations in the current ratio over the years, DuPont de Nemours Inc's current ratio remains above 1, reflecting a generally healthy liquidity position for the company. It is essential for investors and stakeholders to monitor changes in the current ratio over time to assess the company's short-term liquidity and financial health.
Peer comparison
Dec 31, 2023