Fortive Corp (FTV)

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	3,671,600	2,469,300	2,474,600	2,455,300	2,477,000	2,447,900	2,445,300	2,447,700	2,514,900	2,425,300	3,086,400	2,800,900	4,446,900	3,774,700	3,250,400	3,445,600	3,688,800	3,465,900	3,436,300	5,796,300
Total current liabilities	US$ in thousands	1,791,300	2,420,000	2,585,000	2,630,100	2,727,100	2,592,100	2,611,300	2,561,600	3,714,900	2,868,900	2,569,700	2,474,800	2,860,800	3,041,000	2,876,400	2,121,100	3,467,200	2,916,300	2,791,200	2,639,600
Current ratio		2.05	1.02	0.96	0.93	0.91	0.94	0.94	0.96	0.68	0.85	1.20	1.13	1.55	1.24	1.13	1.62	1.06	1.19	1.23	2.20

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $3,671,600K ÷ $1,791,300K
= 2.05

The current ratio of Fortive Corp has fluctuated over the past eight quarters, ranging from a low of 0.91 to a high of 2.05. The current ratio measures the company's ability to pay its short-term obligations with its current assets. A current ratio below 1 indicates potential liquidity issues, as current liabilities exceed current assets.

In the most recent quarter, Q4 2023, Fortive Corp's current ratio was 2.05, indicating a strong ability to cover its short-term liabilities with current assets. This significant increase compared to the previous quarters suggests an improvement in the company's liquidity position.

However, it is important to note that the current ratio was below 1 for a few quarters prior to Q4 2023, indicating potential liquidity concerns during those periods. The company may have had difficulty meeting its short-term obligations with its current assets during those quarters.

Overall, the trend of Fortive Corp's current ratio shows some volatility, but the recent increase to 2.05 in Q4 2023 indicates a positive shift towards improved liquidity. Analysts and investors may want to continue monitoring this ratio to assess the company's ability to manage its short-term financial obligations effectively.