GE HealthCare Technologies Inc. (GEHC)
Current ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | ||
|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 9,901,000 | 10,638,000 | 8,806,000 | 9,373,000 | 9,410,000 | 9,468,000 |
| Total current liabilities | US$ in thousands | 9,553,000 | 8,670,000 | 8,318,000 | 8,859,000 | 8,981,000 | 7,565,000 |
| Current ratio | 1.04 | 1.23 | 1.06 | 1.06 | 1.05 | 1.25 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $9,901,000K ÷ $9,553,000K
= 1.04
Based on the provided data for GE HealthCare Technologies Inc., the company's current ratio has shown some fluctuation over the analyzed period. As of December 31, 2023, the current ratio was 1.05, indicating that the company's current assets were just sufficient to cover its current liabilities.
However, in the following periods, the current ratio improved slightly to 1.06 by both March 31, 2024, and June 30, 2024. This improvement suggests a slightly stronger position in terms of current assets to meet short-term obligations.
By September 30, 2024, the current ratio increased further to 1.23, indicating a more favorable liquidity position for the company. This could suggest that GE HealthCare Technologies Inc. may have effectively managed its current assets and liabilities to improve its ability to cover short-term obligations.
Nevertheless, by December 31, 2024, the current ratio decreased to 1.04, signaling a slight decrease in liquidity compared to the previous quarter. Overall, the trend in the current ratio indicates some variability in the company's liquidity position, emphasizing the importance of monitoring and managing liquidity levels effectively to ensure financial stability and meet short-term obligations efficiently.
Peer comparison
Dec 31, 2024