Fluor Corporation (FLR)
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 | 5,063,000 | 5,060,000 | 4,878,000 | 4,837,000 | 5,044,000 | 4,991,000 | 4,642,000 | 4,557,000 | 5,181,000 | 5,281,380 | 5,926,160 | 5,169,540 | 5,034,010 | 5,010,400 | 5,027,390 | 5,129,490 | 5,366,760 | 5,334,370 | 5,169,340 | 5,188,250 |
| Total current liabilities | US$ in thousands | 3,163,000 | 3,140,000 | 3,190,000 | 3,166,000 | 3,216,000 | 3,211,000 | 3,126,000 | 3,195,000 | 3,614,000 | 3,624,900 | 3,735,030 | 3,441,340 | 3,572,040 | 3,544,610 | 3,605,080 | 3,710,550 | 3,905,120 | 3,855,840 | 4,061,620 | 3,647,580 |
| Current ratio | 1.60 | 1.61 | 1.53 | 1.53 | 1.57 | 1.55 | 1.48 | 1.43 | 1.43 | 1.46 | 1.59 | 1.50 | 1.41 | 1.41 | 1.39 | 1.38 | 1.37 | 1.38 | 1.27 | 1.42 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $5,063,000K ÷ $3,163,000K
= 1.60
The current ratio of Fluor Corporation has shown some fluctuations over the past eight quarters, ranging from a low of 1.43 in Q1 2022 to a high of 1.61 in Q3 2023. Overall, the current ratio has generally remained above 1.5, indicating that the company has had a sufficient level of current assets to cover its current liabilities throughout this period. The current ratio provides insight into the company's short-term liquidity and ability to meet its financial obligations in the near term. The slight variations in the current ratio suggest that the company has maintained a relatively stable liquidity position, and investors may view this as a positive signal of the company's financial health. It is important to continue monitoring the current ratio in future periods to ensure that Fluor Corporation maintains a healthy liquidity position.
Peer comparison
Dec 31, 2023