GE HealthCare Technologies Inc. (GEHC)
Current ratio
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 9,410,000 | 9,468,000 | 9,240,000 | 9,604,000 | 8,318,000 |
| Total current liabilities | US$ in thousands | 8,981,000 | 7,565,000 | 7,581,000 | 8,236,000 | 7,191,000 |
| Current ratio | 1.05 | 1.25 | 1.22 | 1.17 | 1.16 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $9,410,000K ÷ $8,981,000K
= 1.05
The current ratio of GE HealthCare Technologies Inc. has exhibited some fluctuations over the past year, ranging from 1.05 to 1.25. A current ratio of 1.05 as of December 31, 2023, indicates that the company may have a lower level of current assets relative to its current liabilities, potentially raising concerns about its short-term liquidity position.
However, the current ratio improved to 1.25 as of September 30, 2023, suggesting a stronger liquidity position at that point in time. Subsequent slight declines in the current ratio in the following quarters indicate a potential decrease in liquidity levels compared to the previous period but still remain above the industry average of 1.
Overall, while the current ratio provides insights into the company's ability to meet its short-term financial obligations, investors and analysts should consider additional factors such as industry benchmarks and historical trends to gain a more comprehensive understanding of GE HealthCare Technologies Inc.'s liquidity position.
Peer comparison
Dec 31, 2023