Fluor Corporation (FLR)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 5,175,000 | 5,063,000 | 5,044,000 | 5,562,640 | 5,034,010 |
| Total current liabilities | US$ in thousands | 3,071,000 | 3,163,000 | 3,216,000 | 3,904,060 | 3,572,040 |
| Current ratio | 1.69 | 1.60 | 1.57 | 1.42 | 1.41 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $5,175,000K ÷ $3,071,000K
= 1.69
The current ratio of Fluor Corporation has exhibited a consistent upward trend over the years, increasing from 1.41 in December 31, 2020, to 1.69 in December 31, 2024. This indicates that the company has improved its ability to meet its short-term obligations with its current assets. The ratio surpassing 1 signifies that Fluor Corporation has more current assets than current liabilities, providing a cushion to cover its short-term debts. Overall, the increasing trend in the current ratio demonstrates the company's strengthening liquidity position over the years.
Peer comparison
Dec 31, 2024