Fluor Corporation (FLR)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 5,063,000 | 5,044,000 | 5,181,000 | 5,034,010 | 5,366,760 |
| Total current liabilities | US$ in thousands | 3,163,000 | 3,216,000 | 3,614,000 | 3,572,040 | 3,905,120 |
| Current ratio | 1.60 | 1.57 | 1.43 | 1.41 | 1.37 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $5,063,000K ÷ $3,163,000K
= 1.60
Fluor Corporation's current ratio has shown a generally increasing trend over the past five years, indicating an improvement in its short-term liquidity position. The current ratio increased from 1.40 in 2019 to 1.60 in 2023, reflecting the company's ability to meet its short-term obligations.
The current ratio of 1.60 in 2023 suggests that for every dollar of current liabilities, Fluor Corporation has $1.60 in current assets available to cover those obligations. This indicates a healthy liquidity position for the company.
Overall, Fluor Corporation's current ratio has been above 1.0 in all the years, indicating that the company has more than enough current assets to cover its current liabilities. However, it is essential for the company to continue monitoring and managing its liquidity position effectively to ensure it can meet its short-term financial obligations in a timely manner.
Peer comparison
Dec 31, 2023