General Dynamics Corporation (GD)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 24,386,000 | 23,615,000 | 21,063,000 | 19,987,000 | 21,543,000 |
| Total current liabilities | US$ in thousands | 17,824,000 | 16,432,000 | 15,341,000 | 13,978,000 | 15,964,000 |
| Current ratio | 1.37 | 1.44 | 1.37 | 1.43 | 1.35 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $24,386,000K ÷ $17,824,000K
= 1.37
General Dynamics Corporation's current ratio has shown a moderately positive trend over the past five years. The current ratio increased from 1.35 in December 2020 to 1.37 in December 2022, then slightly rose to 1.43 in December 2021, and further improved to 1.44 in December 2023. However, by the end of December 2024, the current ratio dropped back to 1.37.
Overall, the current ratio indicates that General Dynamics Corporation has generally been able to meet its short-term obligations with its current assets over the analyzed period. The fluctuations in the current ratio may suggest varying levels of liquidity and efficiency in managing current assets and liabilities. Further analysis of other financial metrics and industry benchmarks can provide a more comprehensive understanding of the company's financial health.
Peer comparison
Dec 31, 2024