Fortive Corp (FTV)

Current ratio

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Total current assets	US$ in thousands	2,592,300	2,635,200	2,519,500	2,613,900	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
Total current liabilities	US$ in thousands	2,238,400	2,100,800	2,045,800	1,738,700	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
Current ratio		1.16	1.25	1.23	1.50	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

December 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $2,592,300K ÷ $2,238,400K
= 1.16

Fortive Corp's current ratio has fluctuated over the past few years, ranging from a low of 0.68 on December 31, 2021, to a high of 2.05 on December 31, 2023. This ratio measures the company's ability to meet its short-term obligations with its current assets. A current ratio above 1 indicates that the company has more current assets than current liabilities, which is generally seen as a positive sign of liquidity.

However, the current ratio dipped below 1 multiple times, notably on September 30, 2021, and June 30, 2022, which may indicate potential liquidity challenges or difficulties in meeting short-term obligations during those periods.

It is important to note that while a current ratio below 1 may raise some concerns, the trend has improved towards the end of the period with ratios above 1 from December 31, 2023, onwards, suggesting better liquidity levels for Fortive Corp. Investors and stakeholders should continue to monitor the current ratio to ensure the company's short-term financial health.