Honeywell International Inc (HON)
Cash ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 10,567,000 | 10,644,000 | 9,576,000 | 11,756,000 | 7,925,000 | 7,770,000 | 8,626,000 | 6,869,000 | 9,627,000 | 7,449,000 | 8,248,000 | 9,281,000 | 10,959,000 | 11,087,000 | 11,427,000 | 11,718,000 | 14,275,000 | 14,036,000 | 13,778,000 | 7,721,000 |
| Short-term investments | US$ in thousands | 386,000 | 275,000 | 231,000 | 249,000 | 170,000 | 164,000 | 143,000 | 371,000 | 483,000 | 516,000 | 411,000 | 493,000 | 564,000 | 1,049,000 | 891,000 | 942,000 | 945,000 | 972,000 | 1,349,000 | 1,070,000 |
| Total current liabilities | US$ in thousands | 21,256,000 | 19,534,000 | 21,044,000 | 16,488,000 | 18,539,000 | 17,227,000 | 17,174,000 | 17,896,000 | 19,938,000 | 18,109,000 | 19,947,000 | 20,027,000 | 19,508,000 | 20,207,000 | 18,143,000 | 17,950,000 | 19,197,000 | 17,184,000 | 17,341,000 | 17,377,000 |
| Cash ratio | 0.52 | 0.56 | 0.47 | 0.73 | 0.44 | 0.46 | 0.51 | 0.40 | 0.51 | 0.44 | 0.43 | 0.49 | 0.59 | 0.60 | 0.68 | 0.71 | 0.79 | 0.87 | 0.87 | 0.51 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($10,567,000K
+ $386,000K)
÷ $21,256,000K
= 0.52
The cash ratio of Honeywell International Inc has fluctuated over the period from March 31, 2020, to December 31, 2024. The cash ratio represents the company's ability to cover its short-term liabilities using its cash and cash equivalents.
The trend in the cash ratio shows some volatility, with the ratio ranging from as low as 0.40 to as high as 0.87 during this period. A higher cash ratio indicates that the company has a relatively higher level of cash and cash equivalents compared to its current liabilities, reflecting a strong liquidity position. Conversely, a lower cash ratio may indicate potential difficulties in covering short-term obligations with available cash.
Honeywell International Inc's cash ratio peaked at 0.87 in both June 30, 2020, and September 30, 2020, showcasing a robust liquidity position during those periods. However, the ratio gradually declined to 0.40 by March 31, 2023, reflecting a potential decrease in available cash relative to short-term liabilities.
Subsequently, the cash ratio showed fluctuations between 0.40 and 0.73 until December 31, 2024, indicating varying levels of liquidity over the years. Overall, monitoring the cash ratio can provide insights into the company's ability to meet its short-term obligations and manage its working capital effectively.
Peer comparison
Dec 31, 2024