Dow Inc (DOW)
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 | 17,614,000 | 18,298,000 | 18,549,000 | 19,356,000 | 20,477,000 | 19,777,000 | 21,769,000 | 22,165,000 | 20,848,000 | 20,393,000 | 20,352,000 | 19,163,000 | 19,084,000 | 17,789,000 | 16,997,000 | 18,138,000 | 16,815,000 | 18,949,000 | 18,637,000 | 25,661,000 |
| Total current liabilities | US$ in thousands | 9,957,000 | 10,248,000 | 9,649,000 | 10,489,000 | 11,331,000 | 12,315,000 | 13,309,000 | 13,054,000 | 13,226,000 | 12,793,000 | 12,308,000 | 11,354,000 | 11,108,000 | 10,207,000 | 9,786,000 | 11,121,000 | 10,679,000 | 11,201,000 | 11,605,000 | 15,373,000 |
| Current ratio | 1.77 | 1.79 | 1.92 | 1.85 | 1.81 | 1.61 | 1.64 | 1.70 | 1.58 | 1.59 | 1.65 | 1.69 | 1.72 | 1.74 | 1.74 | 1.63 | 1.57 | 1.69 | 1.61 | 1.67 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $17,614,000K ÷ $9,957,000K
= 1.77
The current ratio of Dow Inc has shown some fluctuations over the past eight quarters. The current ratio measures the company's ability to meet its short-term obligations with its short-term assets.
From December 2022 to March 2023, the current ratio remained relatively stable, ranging from 1.81 to 1.85, indicating that the company had sufficient current assets to cover its current liabilities during this period. However, in June 2023, the current ratio increased to 1.92, reflecting an improvement in the company's short-term liquidity position. This indicates that the company had a higher level of current assets relative to its current liabilities, potentially providing a cushion against financial challenges.
Subsequently, in September 2023, the current ratio decreased to 1.79, although it remained within a reasonable range, suggesting the company still had adequate current assets to meet its short-term obligations. The latest reported current ratio in December 2023 was 1.77, indicating a slight further decline in liquidity compared to the previous quarter.
Overall, while the current ratio of Dow Inc has shown some variability, it has generally remained above 1, indicating that the company has had more than enough current assets to cover its short-term liabilities in the past eight quarters. However, investors and analysts should continue to monitor the trend to assess the company's ongoing ability to meet its short-term financial obligations.
Peer comparison
Dec 31, 2023