Honeywell International Inc (HON)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 371,000 | 23,502,000 | 24,982,000 | 25,372,000 | 28,175,000 |
| Total current liabilities | US$ in thousands | 152,000 | 18,539,000 | 19,938,000 | 19,508,000 | 19,197,000 |
| Current ratio | 2.44 | 1.27 | 1.25 | 1.30 | 1.47 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $371,000K ÷ $152,000K
= 2.44
The current ratio of Honeywell International Inc has shown fluctuations over the years, ranging from 1.25 to 2.44. In December 31, 2020, the current ratio stood at 1.47, indicating that the company had $1.47 in current assets for every dollar of current liabilities. However, by December 31, 2021, the current ratio decreased to 1.30, suggesting a slightly weaker liquidity position. This trend continued in 2022 with a current ratio of 1.25.
However, there was a significant improvement by December 31, 2024, where the current ratio increased to 2.44. This surge may indicate an enhancement in the company's ability to meet its short-term obligations using its current assets.
Overall, while the current ratio has fluctuated, it is important to consider the reasons behind these changes and assess the company's overall liquidity position in conjunction with other financial metrics to gain a more comprehensive understanding of its financial health.
Peer comparison
Dec 31, 2024