GE Aerospace (GE)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 37,635,000 | 42,556,000 | 58,384,000 | 66,348,000 | 84,853,000 |
| Total current liabilities | US$ in thousands | 34,392,000 | 32,103,000 | 49,428,000 | 51,953,000 | 54,613,000 |
| Current ratio | 1.09 | 1.33 | 1.18 | 1.28 | 1.55 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $37,635,000K ÷ $34,392,000K
= 1.09
The current ratio of GE Aerospace has shown some fluctuations over the past five years. Starting at 1.55 in December 2020, the ratio decreased to 1.28 by December 2021, indicating a potential deterioration in the company's ability to cover its short-term liabilities with current assets. However, in December 2022, the current ratio dropped further to 1.18, signaling a continued decline in liquidity.
Subsequently, there was a slight improvement in December 2023, with the current ratio increasing to 1.33, suggesting a better ability to meet short-term obligations. Nevertheless, by December 2024, the ratio fell to 1.09, potentially raising concerns about the company's liquidity position.
Overall, the trend in GE Aerospace's current ratio indicates some variability in its short-term liquidity over the analyzed period, warranting further investigation into the underlying reasons for these fluctuations.
Peer comparison
Dec 31, 2024