GE Aerospace (GE)

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	59,799,000	56,434,000	60,213,000	60,286,000	58,384,000	60,082,000	60,658,000	63,299,000	66,348,000	103,587,000	102,411,000	113,198,000	84,853,000	37,545,000	37,757,000	48,129,000	103,096,000	51,405,000	51,923,000	56,480,000
Total current liabilities	US$ in thousands	50,876,000	48,164,000	48,108,000	48,177,000	49,428,000	54,657,000	53,883,000	53,344,000	51,953,000	57,676,000	56,639,000	57,681,000	54,613,000	38,817,000	43,258,000	52,742,000	78,865,000	49,056,000	52,752,000	54,419,000
Current ratio		1.18	1.17	1.25	1.25	1.18	1.10	1.13	1.19	1.28	1.80	1.81	1.96	1.55	0.97	0.87	0.91	1.31	1.05	0.98	1.04

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $59,799,000K ÷ $50,876,000K
= 1.18

General Electric Co.'s current ratio has exhibited fluctuations over the past eight quarters, ranging from a low of 1.10 in Q3 2022 to a high of 1.25 in Q2 2023 and Q1 2023. The current 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, suggesting a relatively healthy liquidity position.

The recent current ratios above 1.15 indicate that General Electric Co. has generally maintained a strong ability to cover its short-term obligations using its current assets. However, the fluctuations in the ratio over the quarters suggest some variability in the company's liquidity position. It is important to consider the trend over time and compare it to industry benchmarks to gain a more comprehensive understanding of the company's liquidity management.