General Dynamics Corporation (GD)
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 | 23,615,000 | 22,779,000 | 21,825,000 | 21,588,000 | 21,063,000 | 21,005,000 | 20,579,000 | 20,794,000 | 19,987,000 | 21,686,000 | 21,580,000 | 20,408,000 | 21,543,000 | 20,865,000 | 21,135,000 | 24,741,000 | 20,288,000 | 20,151,000 | 19,557,000 | 18,867,000 |
| Total current liabilities | US$ in thousands | 16,432,000 | 15,962,000 | 15,686,000 | 15,484,000 | 15,341,000 | 15,659,000 | 14,736,000 | 14,036,000 | 13,978,000 | 14,604,000 | 14,981,000 | 15,153,000 | 15,964,000 | 16,120,000 | 16,606,000 | 18,440,000 | 16,801,000 | 18,227,000 | 18,014,000 | 15,382,000 |
| Current ratio | 1.44 | 1.43 | 1.39 | 1.39 | 1.37 | 1.34 | 1.40 | 1.48 | 1.43 | 1.48 | 1.44 | 1.35 | 1.35 | 1.29 | 1.27 | 1.34 | 1.21 | 1.11 | 1.09 | 1.23 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $23,615,000K ÷ $16,432,000K
= 1.44
General Dynamics Corp.'s current ratio has shown a consistent improvement over the past eight quarters, increasing from 1.37 in Q4 2022 to 1.44 in Q4 2023. This indicates that the company's ability to meet its short-term obligations with its current assets has been strengthening. The current ratio has generally remained above 1, suggesting that General Dynamics is capable of covering its current liabilities with its current assets.
While the current ratio dipped slightly in Q2 and Q3 2023 compared to the previous quarters, it remained above 1.4, reflecting a healthy liquidity position for the company. The average current ratio for the past eight quarters is 1.41, indicating a stable financial position in terms of short-term liquidity for General Dynamics Corp.
Overall, the trend of the current ratio suggests that General Dynamics Corp. has been managing its current assets and liabilities effectively, maintaining a comfortable buffer to handle short-term financial obligations.
Peer comparison
Dec 31, 2023