Dupont De Nemours Inc (DD)
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 | 7,514,000 | 7,935,000 | 11,127,000 | 11,200,000 | 11,270,000 | 14,350,000 | 14,006,000 | 14,443,000 | 14,303,000 | 8,497,000 | 10,492,000 | 12,540,000 | 29,008,000 | 12,606,000 | 11,986,000 | 10,392,000 | 9,999,000 | 10,688,000 | 10,623,000 | 49,248,000 |
| Total current liabilities | US$ in thousands | 3,098,000 | 3,688,000 | 3,739,000 | 3,406,000 | 3,733,000 | 6,014,000 | 5,494,000 | 5,122,000 | 4,931,000 | 4,221,000 | 3,940,000 | 5,667,000 | 12,226,000 | 6,984,000 | 8,010,000 | 8,545,000 | 8,346,000 | 6,616,000 | 6,457,000 | 28,580,000 |
| Current ratio | 2.43 | 2.15 | 2.98 | 3.29 | 3.02 | 2.39 | 2.55 | 2.82 | 2.90 | 2.01 | 2.66 | 2.21 | 2.37 | 1.80 | 1.50 | 1.22 | 1.20 | 1.62 | 1.65 | 1.72 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $7,514,000K ÷ $3,098,000K
= 2.43
DuPont de Nemours Inc's current ratio has shown fluctuations over the past eight quarters. The current ratio measures the company's ability to cover its short-term liabilities with its current assets. A higher current ratio indicates a better ability to meet short-term obligations.
In Q1 2023, the current ratio was at its highest at 3.29, indicating a stronger liquidity position compared to the other quarters. This could be a result of higher current assets or lower current liabilities during that period. The company's liquidity position then decreased in Q2 2023 to 2.98 but remained relatively healthy.
However, in Q3 2023, there was a noticeable decline in the current ratio to 2.15, suggesting a possible increase in short-term liabilities relative to current assets. This dip in liquidity could raise concerns about the company's ability to meet its short-term obligations.
In Q4 2023, the current ratio improved to 2.43, but it remained below the levels seen in Q1 2023 and Q4 2022. While the current ratio is still above 2, indicating a reasonable liquidity position, the fluctuation in the ratio in recent quarters may warrant further investigation into the company's management of current assets and liabilities.
Overall, DuPont de Nemours Inc's current ratio has displayed variability, and it is essential for investors and stakeholders to monitor these changes to assess the company's short-term liquidity and financial health effectively.
Peer comparison
Dec 31, 2023